Desmond Sim, Head, CBRE Research, Singapore and South East Asia:
“The Holland Road site is part of the Holland Village masterplan. The site’s iconic location spurred some firms to put in more than one bid, through Joint Ventures and consortiums. The tender drew added interest because of the weightage placed on the concepts and designs proposed and the ability to integrate the existing businesses together with the new build environment. As it is a mixed development, as well as a GLS site, the tender presents greater opportunities for a divestment of uses and a clearer acquisition process for developers compared to participating in a collective sale.”
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