CapitaLand Integrated Commercial Trust Consortium Awarded Hougang Central Tender

MT Newswires
01/15

A consortium compromising CapitaLand Integrated Commercial Trust (SGX:C38U), CapitaLand Development and UOL (SGX:U14), was awarded the tender for the Hougang Central Government Land Sales site for around SG$1.5 billion, according to a Wednesday filing with the Singapore Exchange.

Shares of the trust were down nearly 1% in Thursday trading.

Under the joint development structure, the trust will develop and own 100% of the commercial component.

Meanwhile, CapitaLand Development and UOL in a 50% joint venture, will develop the residential component for sale.

The consortium will utilize a holistic approach towards securing funds for the project, which spans over a site area of 504,820 square feet and has a 99-year leasehold tenure.

Meanwhile, the consortium is targeting completion of the project between 2030 and 2031, the filing added.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10