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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

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Kalpana Rashiwala

Kalpana Rashiwala

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 .

    Singapore propertyOfficesMYPCapitaLand

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