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

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

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

The JV intends to transform the 3.7-hectare site — the largest commercial and residential site awarded since 2015 — into an integrated community hub with...(click on link for full story on theedgesingapore.com)