Orchard Parade

Orchard Parade: Millennium & Copthorne Hotels has advised that the sale committee managing the proposed enbloc sale of Tanglin Shopping Centre has not been able to secure a buyer and that the Collective Sale Agreement has now expired. This would be a blow to those who are speculating that a successful sale of the property would lead to a re-valuation of adjoining Orchard Parade Hotel, the prime asset of OPH.