CDL unit to build Tanjong Rhu residential site after successful $709.3m bid

Tender closes with 99-year lease award.

CDL Constellation Pte. Ltd. and Bedrock Ventures Pte. Ltd. have won the tender for a residential site at Tanjong Rhu Road with a bid of about $709.3m, according to Urban Redevelopment Authority (URA).

The site, offered on a 99-year lease, has a land area of 12,239.3 square metres and a maximum permissible gross floor area of 45,286 square metres.

The awarded bid works out to $15,661.62 per square metre of gross floor area, based on the maximum permissible GFA.

The tender was launched on 26 November 2025 and closed on 5 February 2026, according to the announcement.

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