The wife and I have heard that the Faber Garden tender has closed on Nov 22 with no bid received.
But given the $830 million price tag, it is not difficult to appreciate why.
Click on the link below to read our previous post on the Faber Garden collective sale:
http://www.sgproptalk.blogspot.com/2011/10/enbloc-news-faber-garden-dunearn.html
We are now waiting with bated breath for the en-bloc result of Thomson View, which tender will expire on Jan 12, 2012. The asking price of between $595 million and $635 million is a major stumbling block, but we are rooting for this one to go through (vested interest, but no, we do not own a unit in this development)...
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