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Bayshore Drive GLS tender closed today, attracting three bids. The site has a maximum GFA of 1,608,120sqft, which can yield a maximum of 1,280 residential units and 242,190 sqft of commercial space.
Three bids were submitted at relatively close pricing
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A consortium comprising Frasers Property (SGX:TQ5), Frasers Centrepoint Trust (SGX:J69U), Sunway MCL, Sekisui House and Lum Chang (SGX:L19) submitted the highest bid of S$2.13bn (S$1,323 psf ppr). The bid was
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Joint participation was expected given the high land price of >S$2bn (vs Hougang Central mixed-use site awarded to UOL-CLD-CICT at S$1.5bn), mixed-use nature and integrated transport infrastructure, allowing developers to share capital commitments, execution risks and development expertise.
Our view:
The level of participation was broadly in line with expectations, given the project's substantial scale and sizeable capital outlay.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Tabitha Foo DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-07-16
Previous report by DBS:
2026-07-01 Frasers Centrepoint Trust - Hit the Road, White Sands.
Price targets by 4 other brokers at Frasers Centrepoint Trust Target Prices.
Listing of research reports at Frasers Centrepoint Trust Analyst Reports.
Relevant links:
Frasers Centrepoint Trust Share Price History,
Frasers Centrepoint Trust Announcements,
Frasers Centrepoint Trust Dividend Payout Dates & Corporate Actions,
Frasers Centrepoint Trust News
