Frasers Property, FCT, Sunway MCL, Sekisui House, Lum Chang consortium tops three bids for Bayshore Drive mixed-use GLS

Gerine Tang and Jovi Ho07-15

According to URA, the estimated commercial space measures 22,500 sqm, and the residential component is estimated to yield some 1,280 residential units. A consortium comprising Frasers Property, ...

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A consortium comprising Frasers Property, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/gls-sites/frasers-property-fct-sunway-mcl-sekisui-house-lum-chang-consortium-tops?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frasers Property, FCT, Sunway MCL, Sekisui House, Lum Chang consortium tops three bids for Bayshore Drive mixed-use GLS</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrasers Property, FCT, Sunway MCL, Sekisui House, Lum Chang consortium tops three bids for Bayshore Drive mixed-use GLS\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-15 09:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/cityandcountry/gls-sites/frasers-property-fct-sunway-mcl-sekisui-house-lum-chang-consortium-tops?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Gerine Tang and Jovi Ho</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>According to URA, the estimated commercial space measures 22,500 sqm, and the residential component is estimated to yield some 1,280 residential units.  A consortium comprising Frasers Property, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/gls-sites/frasers-property-fct-sunway-mcl-sekisui-house-lum-chang-consortium-tops?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SRI","symbol_name":"Stoneridge Inc","start_time":0,"source_url":"https://www.theedgesingapore.com/cityandcountry/gls-sites/frasers-property-fct-sunway-mcl-sekisui-house-lum-chang-consortium-tops?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2651499253","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/cityandcountry/gls-sites/frasers-property-fct-sunway-mcl-sekisui-house-lum-chang-consortium-tops?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2651499253","pubTimestamp":1784080295,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"According to URA, the estimated commercial space measures 22,500 sqm, and the residential component is estimated to yield some 1,280 residential units.  ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SRI":"Stoneridge Inc","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK6011":"零售业房地产投资信托","BK4585":"ETF&股票定投概念","BK4124":"机动车零配件与设备","JJJ.SI":"Lion-Nomura Japan Active ETF","BK4139":"生物科技","GLS":"Gelesis Holdings","SRT.SI":"CSOP S-REITs INDEX ETF","BK6512":"房地产股","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","SRU.SI":"CSOP iEdge SREIT ETF US$","CDL":"VictoryShares US Large Cap High Div Volatility Wtd ETF","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","CFA.SI":"NikkoAM-STC Asia REIT","J69U.SI":"星狮地产信托","URA":"Global X Uranium ETF","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","GLS.SI":"Lion SG Phy Gold S$","CLR.SI":"LION-PHILLIP S-REIT","BK4606":"AI电力股","BK4588":"碎股","FCT":"FCT浮动利率基金","BK6137":"零售房地产信托"},"translate_title":"Frasers Property、FCT、Sunway MCL、Sekisui House、Lum Chang consortium 位列 Bayshore Drive 混合用途 GLS 竞标前三名","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SRI":1,"CLR.SI":0.6,"GLS.SI":0.6,"JJJ.SI":0.6,"FCT":1.5,"SRU.SI":0.6,"URA":1,"CFA.SI":1.5,"GLS":1,"J69U.SI":1.5,"CDL":1,"SRT.SI":0.6},"content_text":"According to URA, the estimated commercial space measures 22,500 sqm, and the residential component is estimated to yield some 1,280 residential units.  A consortium comprising Frasers Property, Frasers Centrepoint Trust, Sunway MCL, Sekisui House and Lum Chang put in the top bid of $1,323 psf per plot ratio (ppr) in the tender for the 99-year leasehold Bayshore Drive mixed-use government land sales (GLS) site, which closed on July 15. \nThe total quantum of the consortium's bid is $2.13 billion. This is some 5.8% above the second-highest bidder, a consortium that includes entities under the Hong Leong Group, including City Developments Limited (CDL), Hong Leong Holdings Limited, Hong Realty (Private) Limited and TID Pte. Ltd.\nThe lowest bid came from Breeze Residential and Breeze Commercial Trustee, which were incorporated only in July. It shares a registered address at Capital Tower with CapitaLand entities such as CapitaLand Investment and CapitaLand Integrated Commercial Trust.\n\nAccording to the Urban Redevelopment Authority's (URA) website, the commercial and residential site measures 57,460.6 sqm, with 149,398 sqm of maximum permissible gross floor area. The gross plot ratio is 2.6.\nAccording to URA, the estimated commercial space measures 22,500 sqm, and the residential component is estimated to yield some 1,280 residential units.  \nThe mixed-use development is directly connected to Bedok South MRT Station on the Thomson-East Coast line and is the only integrated transport hub in the upcoming Bayshore precinct, says Mark Yip, CEO of Huttons Asia. \nAs such, \"residents will be just 25 minutes from the Central Business District and 35 minutes from Orchard\", says Marcus Chu, CEO of ERA Singapore. \"A future extension will also connect to the upcoming Changi Airport Terminal 5, which could create jobs and tap into housing supply around Bayshore and Bedok South.\"\nThe retail component of this future development will likely see heavy footfall from nearby residents, says Justin Quek, deputy group CEO of Realion Group (OrangeTee & ETC).\n \nQuek adds: \"The eventual extension of the TEL to Changi Airport may entice investors seeking rental opportunities.\"\nThe additional planning, infrastructure and construction requirements associated with such a development are likely to have been factored into developers' bidding strategies while still reflecting confidence in the precinct's long-term growth prospects, says Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI). \n\"Nevertheless, attracting three bids for a project of this scale demonstrates that developers remain willing to pursue sizeable land opportunities where they see strong underlying demand,\" he adds. \nSeveral educational institutions fall within a 2km radius of the site. These include Temasek Primary and Secondary School, Bedok Green Primary School, Bedok South Secondary School, Bedok View Secondary School, Anglican High School and Temasek Junior College.\nSecond site in the area \nThis site marks the second Bayshore site since the launch of the 515-unit Vela Bay, which sold 72% of its units at an average of $2,886 psf on launch weekend in April this year. \nThe top land bid rate of $1,323 psf ppr is lower than Vela Bay's $1,388 psf ppr, says Sandrasegeran.\nWhile that is the case, Sandrasegeran believes that \"the difference is understandable given the distinct characteristics of the two sites\". \n\"The Bayshore Drive parcel is expected to deliver approximately 1,280 residential units, making it one of the largest private residential developments within the emerging precinct,\" he adds.\nBuyers' demand \nThe strong take-up of new launches in the Outside Central Region (OCR) this year, including Vela Bay (72%) and Pinery Residences (92.5%), indicates strong buyer interest in OCR properties in the eastern region, says ERA's Chu. \nChu adds: \"As one of the largest mixed-use GLS parcels along the East Coast, the Bayshore Drive site is well positioned to attract a broad and diverse pool of buyers beyond the East region.\"\n\"With a gross plot ratio (GPR) of 2.6, development could rise between 24 and 36 storeys, meaning certain units could offer a sea view. This presents an opportunity to tap into the pent-up demand for new waterfront homes, which are at the moment primarily offered in Bayshore and Berlayar (Keppel),\" he adds. \nSandrasegeran says \"larger residential communities continue to demonstrate strong resale liquidity\", adding that large developments will provide buyers with more choices in layouts, floors and price points. \nThe top 10 best-selling non-landed resale developments in 1H2026 all came from projects with more than 1,000 residential units, he notes. \nSandrasegeran adds: \"With a significantly larger pool of homeowners, they naturally generate a higher volume of resale opportunities at any given point in time. This creates greater liquidity within the development, providing buyers with more unit choices across different layouts, floors and price points, while giving sellers a larger pool of prospective purchasers.\" \nThat said, Wong Shanting, head of research at Newmark, believes that \"with an estimated 1,280 dwelling units, the developer will need a calibrated yet assertive marketing strategy to ensure the project is fully sold within the five-year additional buyer's stamp duty (ABSD) remission window\". \nBased on the highest land rate of $1,323 psf ppr, prevailing construction costs, financing costs, integrated development complexity and current new-launch pricing benchmarks, Knight Frank Singapore's head of consultancy Alice Tan thinks a \"reasonable estimate\" would place future residential launch prices to start from $2,900, and average around $3,000 psf. \n\"Selected premium units with sea views, higher floors and integrated transport access could exceed $3,200 psf,\" adds Tan.\nRead about this year's GLS tenders:\nURA launches Lorong Puntong GLS site, first ThomsonBishan plot in a decade (June)\nSunway MCL, CSC Land JV tops four bids for River Valley Green (Parcel C) GLS site at $1,730 psf ppr (June)\nCDL, Hong Leong JV tops bids for Peck Hay Road GLS site with second-highest residential bid on record (June)\nURA announces nine new sites under Confirmed List in 2H2026 GLS programme, including white site at Jurong Lake District (June)\nURA launches Berlayar Drive and New Upper Changi Road GLS sites (May)\nHolland Plain GLS site in D10 draws sole bid from Sim Lian (May)\nDunearn Road GLS site draws six bids; Wing Tai-Metro consortium on top with $1,625 psf ppr bid (April)\nRiver Valley Green (Parcel C) GLS site in popular Great World area could 'pique developer interest' (April)\nPeck Hay Road GLS site in Newton could draw up to eight bids: analysts (April)\nFrasers Property-Mitsubishi Estate JV tops four bids for Kallang Close GLS site at $1,415 psf ppr (April)\nLarge 5.74ha Bayshore Drive mixed-use GLS site could draw $2 bil top bid: analysts (March)\nQingjian Realty, joint venture partners top Dover Drive GLS bid with $1,556 psf ppr (March)\nGuocoLand, Intrepid Investments, TID consortium tops Lentor Central GLS bid with record $1,278 psf ppr (March)\nURA launches GLS site at Holland Plain, with up to six bidders expected (February)\nCDL-Woh Hup JV places top bid for Tanjong Rhu GLS site, beating out four others (February)\nDairy Farm Walk GLS site draws five bidders with 'measured' top bid of $962 psf ppr, 5.7% below Narra Residences site (January)\nFor more property trends and breaking news, visit City & Country's microsite at theedgesingapore.com/cityandcountry","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651499253","isCrawlerRequest":true}