GSH terminates sale of office units at PLUS Singapore

The company has also forfeited the 10% deposit of $3.8m the buyer has paid.

The sale of GSH Corporation’s strata units of office at PLUS Singapore located on Cecil Street, Raffles Place for a consideration of $38.8m has fallen through.

In a bourse filing, GSH said the buyer would be “unable to complete the purchase of the property.”

Following the termination of the sale and purchase agreement for the property, GSH will also be forfeiting the 10% deposit of $3.88m that the purchaser has already paid.

“The termination of the Proposed Disposal is not expected to have a material effect on the consolidated net tangible assets per share of the Company and Group for the current financial year,” GSH said.

Follow the link for more news on

property for sale

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia