Ascendas clinches CPF Building for S$550m
It plans to redevelop site into new office project with supporting retail; PCRD & Lippo-SingHaiyi consortium were the other 2 bidders
Singapore
ASCENDAS, which won the tender for the CPF Building at 79 Robinson Road, with its top bid of S$550 million, plans to redevelop the property into a Grade A CBD office project with supporting retail elements, the company said.
The tender, which closed on Oct 28, drew three bids. The results were announced by the Central Provident Fund Board on Thursday.
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