GuocoLand-led Consortium Tops Bid for Faber Walk Site at $349.9m

Singapore Business Review · Nov 20, 2024 12:22

The site received three bids.

The consortium of GuocoLand, TID Residential, and Intrepid Investments led the bids for the residential site at Faber Walk.

The site received three bids at its tender close on 19 November.

The GuocoLand-led consortium bid $349.9m or $9,687.60 per square meter of gross floor area (psm gfa).

The other two bids came from Oasis ($321.31m / $8,897.05 psm gfa) and a consortium comprising SNC2 Realty, Apex Asia Alpha Investment Two, and Soon Li Heng Civil Engineering ($282.9m / $7,833.19 psm gfa).

The Faber Walk site has a site area of 25,795.4 m2 and maximum permissible GFA of 36,114 m2 .

The Urban Redevelopment Authority (URA) will award the tender after bid evaluation.

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GuocoLand-led Consortium Tops Bid for Faber Walk Site at $349.9m

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