JV of CapitaLand, SingLand, and UOL bags tender for Tampines Avenue 11 for $1.2b

The JV will develop the GLS parcel into a mixed-use development.

The joint venture (JV) companies of Singapore Land Group Limited (SingLand), CapitaLand, and UOL Group Limited (UOL) won the tender for the Government Land Sale parcel at Tampines Avenue 11, known as Lot 3326X of Mukim 29 for $1.2b.

In a bourse filing, SingLand said the JVs --- Topaz Residential (Residential JVCo) and Topaz Commercial (Commercial JVCo) --- will be developing the site into a  mixed-use development comprising a commercial and residential development integrated with a bus interchange, a community club and a hawker centre.

The Tampines Avenue parcel has a maximum gross floor area of 126,700 square meters (sqm)  and a site area of 50,679.7 sqm.

The Housing Development Board (HDB) expects the project to be completed within 84 months from the date of the acceptance of the tender.