A consortium led by Frasers Property Limited, including Frasers Centrepoint Trust, Sunway MCL Limited, Sekisui House, and Lum Chang Building Contractors, has emerged as the top bidder for the Bayshore Drive Government Land Sales site in Singapore. The group placed a bid of S$2.1b, surpassing the second-highest bid by 5.8%. This 99-year leasehold site, spanning 57,460.6 square metres, is earmarked for a large-scale, integrated mixed-use development.
The Bayshore Drive project is set to become a major transit-oriented development, directly connected to Bedok South MRT station and a new bus interchange. It will feature up to 1,280 residential units and a retail mall with a gross floor area of 22,100 square metres. The development aims to serve as a key retail, recreational, and transport hub within the Bayshore precinct, aligning with Singapore’s shift towards integrated urban living.
Frasers Property Singapore CEO, Soon Su Lin, expressed confidence in the project’s potential, stating it represents a “defining opportunity to shape a highly connected, liveable and future-ready community.” Richard Ng, CEO of Frasers Centrepoint Trust, highlighted the project’s alignment with their strategy of owning suburban retail assets with strong transport connectivity.
The development is expected to benefit from its proximity to educational institutions and recreational amenities, including the future SAFRA clubhouse. The tender is subject to government confirmation, with further details to be announced upon the formal award of the site.
