CapitaLand-CDL JV secures prime site in Sengkang Central for $777.8 mil

SINGAPORE (Aug 16): CapitaLand and City Developments Limited (CDL) jointly announced that they, in a joint venture (JV), have secured a mixed-use residential and commercial site in Sengkang Central for $777.78 million.

The bid was submitted on a Two-envelope Concept and Price Revenue tender system which works out to $923.60 per sq ft of gross floor area.