Frasers Property, Mitsubishi Estate JV tops Kallang GLS site with $610.75m bid
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A joint venture between Frasers Property and Mitsubishi Estate has won the Kallang Close site in Singapore's Government Land Sales (GLS) programme with a bid of $610.75 million, or $1,415 per square foot. This 99-year leasehold site, the first GLS plot in the area in over a decade, spans 11,456 square meters and could host around 470 private homes and a childcare center. The developers plan to create a residential project with public access features along the Kallang River, enhancing the area's connectivity and community facilities.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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