OCBC withdraws 2 properties after tender closing

Singapore

OVERSEA-CHINESE Banking Corporation has withdrawn from sale two freehold properties which it had put up for tender last year: a serviced residence block at 2 Mount Elizabeth Link, and a portfolio of 32 shophouses along Lavender Street and Serangoon Road.

The two properties were launched through separate tender exercises in September last year and which closed in October.

Word on the street is that in late November, OCBC withdrew the properties from the market; no reasons were cited.

When contacted by The Business Times this week, a spokeswoman for OCBC declined to comment.

Some market observers read the withdrawals of the properties as a strategic decision by th…