Sunway MCL consortium in highest bid for S’pore site

PETALING JAYA: A consortium comprising Sunway MCL Ltd has topped the bidding for Singapore’s Bayshore Drive Government Land Sales (GLS) site with a S$2.1bil (RM6.62bil) bid.

The consortium, led by Frasers Property Ltd and comprising Frasers Centrepoint Trust or FCT, Sekisui House and Lum Chang Building Contractors, submitted a bid of S$1,323 per sq ft per plot ratio, 5.8% above the second-highest offer, according to Frasers Property in a statement.

“The 99-year leasehold mixed-use site spans 57,460.6 sq m, with a maximum gross floor area of 149,398 sq m.

“With direct integration with Bedok South MRT station on the Thomson-East Coast Line and a new bus interchange, this makes the project one of the largest mixed-use GLS sites launched in Singapore to date, reflecting Singapore’s continued shift towards transit-oriented developments that integrate homes, daily conveniences and public transport,” it said.