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  • CBRE comments: URA tender closing for Sengkang Central site

CBRE comments: URA tender closing for Sengkang Central site

Singapore | June 21, 2018
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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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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.

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