No plan to raise funds to buy mall: New Creation Church
Spokesman says independent consultants hired to ascertain viability of ownership
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The New Creation Church said Savills Singapore valued The Star Vista at $296 million as of Oct 30. On Wednesday, it was announced that the church's business arm had acquired the mall for $296 million from CapitaLand.
ST FILE PHOTO
The New Creation Church does not intend to raise funds to buy The Star Vista, the mega church told The Straits Times when asked if it was taking a loan, raising funds or using its reserves to acquire the shopping mall in Buona Vista.
On Wednesday, it was announced that Rock Productions, the church's business arm, had acquired The Star Vista for $296 million from CapitaLand.
