Redevelopment a toss-up between city retail and CBD offices
Redevelopment incentives spark investment in CBD and Orchard retail.
Source: sbr.com.sg
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CDL buys Delfi Orchard in en bloc deal for S$439 million
CITY Developments Ltd (CDL) has bought over Delfi Orchard, a 40-year-old strata-titled building of which it already owns the majority share, for S$439 million. This was just a shade above the guide price of S$438 million when the site was launched for collective sale in mid-April.
Source: businesstimes.com.sg
Far East Shopping Centre tries again for en-bloc sale, some shop owners may move to Orchard Towers or retire
SINGAPORE — With en-bloc plans for Far East Shopping Centre up in the air for a second time, shops located in the building along Orchard Road remain in limbo over their futures.
Source: todayonline.com
US$670 million Singapore shopping centre deal backed by Chinese tycoon Du Shuanghua flops after regulator rejects plan
The proposal to buy Far East Shopping Centre fell through after a firm linked to Du failed to get approval from the Urban Redevelopment Authority.
Source: scmp.com
Singapore's largest property deal of 2023 falls apart on regulatory snag
SINGAPORE: A blockbuster deal backed by a Chinese commodities billionaire to purchase a mall in Singapore’s prime shopping district for about S$908 million (US$670 million) fell apart after plans for its redevelopment were rejected by authorities, according to people with knowledge of the matter.
Source: thestar.com.my