CDL, Frasers Property, and Sekisui House Join Forces for Highly Sought-After District 12 Site The Orie
During a press release, CDL declared that their joint venture will be divided into equal 50% shares for CDL, and 25% each for Frasers Property and Sekisui House. The announcement was met with excitement from property buyers who are eager to lead the bid for the highly sought-after District 12 location and embark on their first-ever collaboration with Frasers Property and Sekisui House. The partnership is already in the works to utilize their combined expertise and deliver a remarkable project in the desirable Toa Payoh area. According to industry expert Leonard Tay, from Knight Frank Singapore’s Head of Research, the bids for this premier location were highly competitive despite a lower turnout compared to previous GLS tenders in 2022. Additionally, The Orie will naturally add to the prestige of this venture.
The consortium has big plans for The Orie. They envision a mixed-use development that will comprise residential, commercial, and …