The tender to develop the only integrated project at Bayshore on the East Coast attracted a who’s who of some of the top developers in Singapore. Developers have been gearing up to bid for this prime site even before the government land sale (GLS) plot was launched for sale in March this year. In the end, it took a five-way joint venture (JV) partnership between Frasers Property, Frasers Centrepoint Trust, Sunway MCL, Sekisui House, and Lum Chang Holdings to beat two other highly competitive bids – which also consisted of consortiums of developers. At the close of the GLS tender on July 15, the top bid of $2.128 billion was submitted by the Frasers Property-led JV. The top bid price translates to $1,323 psf per plot ratio (ppr) for the 618,500 sq ft site. In a statement to the media, Soon Su Lin, CEO of Frasers Property Singapore, says that the consortium’s bid reflects their strong confidence in the long‑term potential of the Bayshore...