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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

"Upon redevelopment of the CPF Building, Ascendas would be able to offer quality CBD office space to complement our business park offerings to our customers in Singapore, " says Mr Khiatani.


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