Need for tie-ups to sew up Holland Rd tender

A KEY talking point about the recent dual-envelope tender for the commercial and residential site near Holland Village MRT Station was the alliances that surfaced. All 15 entries came from 10 consortiums, with some placing multiple bids.

One alliance was between City Developments (CDL) and RB Capital, the first tie-up between the two (more on this later).

Another point of interest was the recently separated partners in the Capitol project - Perennial Real Estate Holdings and (an affiliate of) Pontiac Land - each embracing other parties for the tender. Pontiac teamed up for the first time with Australia's Lendlease, while Perennial partnered Qingjian Realty.