A man walks past a CapitaLand advert in Singapore
SINGAPORE: CapitaLand has its sights set on winning the tender for the land parcel at Beach Road, which consists of the former SAF Non-Commissioned Officers (NCO) Club and Blocks 1, 9 and 14 of the former Beach Road Camp.
It is one of seven bidders for the site.
In an interview with Channel NewsAsia, CapitaLand CEO Liew Mun Leong revealed that the company has made "a very aggressive bid" as it sees great potential in the Beach Road site, which offers opportunities for all of its business segments.
Mr Liew said: "Beach Road is a very unique opportunity. It is the only site in Singapore, I believe, that could be developed for all the sectors. It has office, shopping, hotels and residential space. It is a very strategic site in the Marina area. We believe that all the sectors we are in – homes, hotels or malls – can be done at that site."
The developer declined to reveal how much it has bid for the site, but according to some market watchers, the bids were as high as S$2 billion.
Mr Liew said: "We have really put a lot of effort in. We have engaged a world-class architect to cross the first envelope because the first round is to win the design. And we believe we have come up with an outstanding, iconic building design.
"The second envelope is on pricing and I believe we have bid very richly for the project. We have made a very aggressive bid."
The government is currently evaluating the various bids.
In recent years, CapitaLand had lost out in high-profile bids for both the Marina Bay and Sentosa integrated resort sites as well as the site for the new Business and Financial Centre.
- CNA/so
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