CapitaLand wins another site, $566m Sengkang Central site

CapitaLand Limited and joint venture partner City Developments have won a mixed-use residential and commercial site in Singapore’s vibrant Sengkang Central at a tender price of S$777.78 million ($565.83 million).

The joint venture will transform the 3.7-hectare site — the largest commercial and residential site awarded since 2015 — into an integrated community hub with 700 residential apartments, meeting the needs of residents in Buangkok with amenities such as a hawker center, community club, childcare center, retail shops, as well as public rail and bus transport facilities sited in a one-stop location.

The integrated development is targeted for completion in the first half of 2022.

The proposed development will offer first-time private homebuyers and upgraders an attractive opportunity to own a home with excellent transportation connectivity and close proximity to a myriad of amenities.

As the only mixed commercial and residential site with seaml