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CapitaLand-CDL JV secures prime site in Sengkang Central for $777.8 mil

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CapitaLand-CDL JV secures prime site in Sengkang Central for $777.8 mil

Samantha Chiew Published on Thu, Aug 16, 2018 / 10:38 PM GMT+8

SINGAPORE (Aug 16): CapitaLand and City Developments Limited (CDL) jointly announced that they, in a joint venture (JV), have secured a mixed-use residential and commercial site in Sengkang Central for $777.78 million.

The bid was submitted on a Two-envelope Concept and Price Revenue tender system which works out to $923.60 per sq ft of gross floor area.

See: Sengkang Central GLS site draws seven bids