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
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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.
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