Source: ChannelNewsAsia, 17 November 2009
SINGAPORE: CM Domain, a unit of Singapore Press Holdings, has won the tender for a new suburban shopping centre in Clementi with its S$541.9 million bid.
The Housing and Development Board said it received a total of six bids for the 99-year leasehold site in Clementi Town Centre.
The land parcel has about 25,000 square metres of gross floor area. The retail hub, tentatively called "Clementi Mall", is part of a larger development located at the former Clementi Bus Interchange. The mall and its carpark are located over seven storeys, and a library will be situated within the mall.
TENDER RESULTS
Source: HDB Tender Results for Sale of Clementi Mall, 10 November 2009
1. S$541,898,000 CM Domain Pte Ltd
2. S$382,000,000 Titanium (AMT) Pte Ltd and Guthrie (Anshan) Pte Ltd
3. S$352,100,000 FC Retail Trustee Pte Ltd (as trustee for FCL Diamond Trust)
4. S$338,800,000 HSBC Institutional Trust Services (Singapore) Limited as trustee of CapitaMall Trust
5. S$303,300,000 Lend Lease Retail Investments 3 Pte Ltd
6. S$170,000,000 Sim Lian Holdings Pte Ltd
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