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NTUC co-op tipped as front runner for Jurong Point

Given the sheer size of the Jurong Point deal, it would not be surprising if Mercatus ropes in partners for the acquisition, market watchers said.


A NEW party has emerged in the race for Jurong Point mall.

The Business Times has learnt that Mercatus Co-operative - an NTUC social enterprise that owns and manages suburban malls - is now the front runner for Jurong Point.

Its bid is understood to be about S$2.2...

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