HDB awarded the tender on Jan 14 for the mixed-use development situated between Hougang Central and Hougang Avenue 10, comprising a commercial and residential development integrated with a bus interchange.
A consortium comprising a sub-trust of CapitaLand Integrated Commercial Trust (CICT) and a joint venture between CapitaLand Development (CLD) and another joint venture of UOL Group has been awarded the tender for a mixed-use commercial and residential site at Hougang Central at a tender price of $1.5 billion.
The CapitaLand-UOL consortium had submitted the top bid for the mixed-use Government Land Sales (GLS) site at $1,179 psf per plot ratio, besting two other bids: Sim Lian Group, which put in a $1.47 billion bid; and a consortium comprising Frasers Property, Sekisui House and Lum Chang, which bid $1.4 billion for the site.
