Desmond Sim, Head, CBRE Research, Singapore and Southeast Asia:
"The GLS tender for the residential and commercial site at Sengkang Central has received seven bids. This is a Concept and Price Tender with tender conditions almost similar to that of the Holland Village site that was awarded in May. The criteria include the quality of design concept, quality of public realm and track record of the tenderer. The site presents strong potential to be the landmark of the Sengkang/Buangkok vicinity. The six consortia who have thrown in the bids comprise experienced developers with proven track records. We expect the selection process to be challenging and very comprehensive. While there is already a large public housing estate surrounding this site, there is potential for further developments that may reinforce the significance of this commercial/transport node."
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