What are the private treaty results for Hillcrest Arcadia en bloc sale?

Hillcrest Arcadia’s collective sale tender closed with no bids on May 22, 2025, and the sale has shifted to a private treaty phase with the marketing agents engaging interested parties after tender close.

Key points on the private treaty status:
- The site entered private treaty talks immediately after the no-bid tender closure on May 22, 2025.
- No successful private treaty deal has been announced publicly since the tender closed; the development remains unsold as of the latest updates.
- The estate had a reserve price of 920 million for the tender; this guides private treaty discussions, though terms can be negotiated during the private treaty window.
- Private treaty periods typically allow the sellers and agents to negotiate directly with developers post-tender, and can lead to a relaunch if no acceptable offer is reached.