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Bids for Florence Regency come in below independent valuation

Marketing agent JLL is going back to all interested parties to consider an offer at or above the valuation price

The 389,236 sq ft site could potentially support a total gross floor area of over 1.1m sq ft or some 1,100 to 1,300 apartment units.


FLORENCE Regency, a privatised HUDC estate in Hougang, received three bids at the close of its public tender.

But the collective sales committee was not able to award the tender to the top bidder as the bid price, while above the reserve price of S$600 million, was below...

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