CapitaLand subsidiary wins Bedok site tender

A state land parcel at New Upper Changi Road and Bedok North Drive has been awarded to Brilliance Residential Ltd. and Brilliance Trustee Ltd. after it offered the highest bid in a public tender that closed on September 1.

The two companies, which are wholly-owned subsidiaries of CapitaLand Ltd., offered a joint bid of $788.9 million for the 99-year leasehold site.

The site has a total land area of 24,902.2 sq m and a maximum gross floor area of 87,157.7 sq m, with a plot ratio of 3.5. It is proposed for mixed commercial and residential development integrated with a bus interchange.