The Business Times
business-time-50

Golden Mile Complex gets 80% mandate for collective sale at lower price of S$700m

google-preferred-sourceAdd BT as a preferred source

Lisa Kriwangko

Published Wed, Apr 27, 2022 · 09:10 PM
    • More than 80 per cent of Golden Mile Complex owners have a agreed to a collective sale at S$700 million, which is lower than its original S$800 million reserve price.
    • More than 80 per cent of Golden Mile Complex owners have a agreed to a collective sale at S$700 million, which is lower than its original S$800 million reserve price. The Straits Times

    MORE than 80 per cent of Golden Mile Complex owners have agreed to a collective sale at S$700 million, which is lower than its original S$800 million reserve price.

    The offer was made by a consortium comprising Far East Organization and Perennial Holdings last month via private-treaty negotiations after the building closed its second en bloc tender on Feb 28. 

    The Beach Road development’s first collective sale attempt in July 2019, also at a reserve price of S$800 million, drew no bids. 

    Singapore propertyCollective sale

    TRENDING NOW

    The house sits on a road just off Bishops Avenue, a north London street known as “Billionaire’s Row”.

    Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal

    Ohmyhome (BVI) is the holding company of Ohmyhome Singapore and its subsidiaries, which provide real estate services in Singapore and Malaysia.

    Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More