“Given the rare opportunity to gain (or deepen) one’s foothold in Singapore’s suburban retail landscape, we believe that a transaction (if materialised) will likely be at a tight cap rate,” says the team led by Tan in their Aug 10 report.
DBS Group Research analysts Derek Tan, Jeff Yau, Rachel Tan, Geraldine Wong, Dale Lai and Percy Leung are taking a closer look into the interested buyers who have reportedly placed their bids for the retail malls under Mercatus Co-operative, a unit of NTUC Enterprise Co-operative.
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