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Buyer fails to extend due diligence for ABI Plaza
PIL Building fails to get URA nod to tap CBD Incentive Scheme because of its site area
Published Wed, Sep 23, 2020 · 09:50 PM
Singapore
ATTEMPTS to sell two office towers - ABI Plaza in Tanjong Pagar and PIL Building in Cecil Street - have hit a snag.
In the case of ABI Plaza, a private fund managed by CapitaLand that was doing exclusive due diligence with a view to buying the 12-storey freehold block did not enter into a deal when the exclusivity period ended last Friday .
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