Frasers Centrepoint JV tops bids, plans 800-900 units on plum seafacing site
4 highest bids for 99-year East Coast site cross S$800 psf ppr, reflecting bullish outlook: analysts
Add BT as a preferred source
Singapore
A CONSORTIUM led by Frasers Centrepoint that placed the top bid of S$624.18 million, towards the high end of market expectations, for a 99-year site near East Coast Park is planning to build an 800-to-900-unit condo designed to maximise seaview-facing units.
The consortium plans to launch the project within a year. "The development, which will be targeted primarily at owner occupiers in the mid to upper segment, will overlook the East Coast Park/beach, a popular venue for ... outdoor activities and sea sports," the consortium said on Thursday evening.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
