UOL Group Limited (U14.SI), together with CapitaLand Development (CLD) and CapitaLand Integrated Commercial Trust (CICT), on Tuesday said they have submitted the highest bid of S$1.5 billion, or $1,179 per sq ft per plot ratio (psf ppr), for the Hougang Central GLS site.
The 99-year leasehold residential and commercial site has a total area of 504,820 square feet.
If awarded, UOL and CLD will jointly develop the residential component on a 50:50 basis for sale, while CICT will develop and retain full ownership of the commercial component.
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