The consortium includes a wholly-owned sub-trust of CICT, which will hold the commercial component in the development, and another entity whose shareholders compromise CapitaLand Group and a third-party shareholder being a UOL consortium which will hold the residential component.
A consortium which includes CapitaLand Integrated Commercial Trust (CICT) has submitted the highest bid of $1.5 billion for the tender of a mixed-use commercial and residential site at Hougang Central.
The site is a 99-year leasehold plot that spans a total area of 504,820 square feet.
