FRASERS CENTREPOINT TRUST: Consortium Wins Tender for Mixed-Use Site at Bayshore Drive; Retail Mall Development Cost Estimated at S$613 Million

NewTimeSpace · 2026/07/21 15:34 · By Jiayi Sun

NewTimeSpace News: FRASERS CENTREPOINT TRUST announced on 20 July that its consortium has been awarded the tender for the mixed-use land parcel at Bayshore Drive with a bid price of S$2.1 billion. The trust holds a 50% interest in the retail mall, with total projected development costs of approximately S$613 million and an anticipated yield on cost of around 5%.

NewTimeSpace News: On 20 July 2026, FRASERS CENTREPOINT TRUST released an announcement stating that its consortium secured the tender for the mixed-use development site at Bayshore Drive with a bid of S$2.1 billion. The site carries a 99-year lease term and features a commercial floor area of roughly 22,500 square metres. The trust holds a 50% stake in the retail mall via SPT (Retail) and will oversee its development.

According to the announcement, the total development cost of the retail mall stands at approximately S$613 million, with an estimated yield on cost of about 5%. Completion is targeted for the end of 2030.

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FRASERS CENTREPOINT TRUST win the tender