A consortium comprising Frasers Property Limited, Frasers Centrepoint Trust, Sunway MCL Limited, Sekisui House and Lum Chang Building Contractors has emerged as the top bidder for the Bayshore Drive Government Land Sales (GLS) site, with a top bid of S$2.1 billion or S$1,323 per square foot per plot ratio (psf ppr), 5.8% above the second-highest bid.
Located within the new Bayshore waterfront precinct, the 99-year leasehold mixed-use site spans approximately 618,506 sq ft, with a maximum gross floor area of approximately 1.6 million sq ft. Directly integrated with the future Bedok South MRT station on the Thomson-East Coast Line and a new bus interchange, the development is set to be one of Singapore's largest transit-oriented mixed-use projects to date and the only integrated transport, residential and retail hub within the Bayshore precinct.
The development is expected to comprise up to 1,280 residential units and approximately 242,188 sq ft of commercial space, including a retail mall of approximately 237,882 sq ft in gross floor area. Envisioned as the new town centre and transport hub for Bayshore, the development will offer a wide range of retail, lifestyle and everyday conveniences, while benefiting from its proximity to East Coast Park, parks and green connectors, schools and the future SAFRA clubhouse. If awarded, Frasers Property, Sunway MCL, Sekisui House and Lum Chang will jointly develop the residential component, while the retail component will be developed and fully owned by Frasers Centrepoint Trust, Sunway MCL and Sekisui House.
