It did not obtain the required threshold for the collective sale.
SGX-listed Hiap Hoe Limited announced that the en bloc sale of Orchard Towers will not proceed.
In a bourse filing, the real estate company said the property “did not obtain the required threshold for the collective sale.”
Orchard Towers comprise 59 strata lots, of which 21 are shops, whilst 38 are offices.
Golden Bay Realty (Private) Limited, Hiap Hoe’s subsidiary, is the registered proprietor of properties.