This Sengkang Central site, with an approximate area of 401,000 sqft next to Buangkok MRT station, is one of the largest commercial and residential site for tender since 2015.
It attracts seven bids from six developers under the dual-envelope tender, where the development concept and price are submitted in separate envelopes. Priority is given to the concept proposal, and the price-bid envelope will only be opened and considered after the concept proposal is accepted.
Property heavyweights, CapitaLand and CDL joint venture wins this attractive site amidst keen contest.
This site will be developed into an integrated community hub with residential apartments above a mega retail mall, with communal amenities such as community club, childcare centre, hawker centre, and direct covered link to Buangkok MRT station and bus interchange.
Source : https://www.businesstimes.com.sg/real-estate/capitaland-and-cdl-team-up-again-this-time-for-sengkang-mixed-development
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