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Deals fall through for 22 units at Draycott Eight, Parkview Square in Bugis
Observers say this is due mainly to reasons specific to the respective deals, though geopolitical uncertainties and rising interest rates have also made investors more selective
Published Wed, Aug 24, 2022 · 07:24 PM
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A sale has failed to materialise for Parkview Square, a 24-storey art deco style office tower in the Bugis area for which Baring Private Equity Asia (BPEA) had been doing exclusive due diligence for a potential purchase at around S$900 million.
Also not happening is the sale of a stack of 22 units at the Draycott Eight condo, in one of Singapore’s most posh…
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