Sim Lian tipped to have bid S$970m for Tampines Court
If the sale goes through, this collective sale could be the second largest in Singapore after Farrer Court in 2007
Singapore
SIM Lian Development is believed to have placed a bid of S$970 million for the collective sale of Tampines Court.
On Tuesday evening, Huttons Asia, the marketing agent for the privatised HUDC (Housing and Urban Development Company) estate, said the tender for the site, which closed at 3 pm the same day, received a bid of that sum - above the reserve price of S$952 million.
Terence Lian, who heads investment sales at Huttons Asia, did not identify the party,…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story