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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

BT_20200924_KRBUILDINGS_4254917.jpg
Mainboard-listed MYP, which owns ABI Plaza (above), is understood to be not keen on extending the due diligence period for the potential buyer, a CapitaLand-managed fund.

BT_20200924_KRBUILDINGS_4254917.jpg
Mainboard-listed MYP, which owns ABI Plaza (above), is understood to be not keen on extending the due diligence period for the potential buyer, a CapitaLand-managed fund.

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...

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