Tuesday, September 14, 2010

CapitaLand, CapitaMalls Asia Acquire Bedok

CapitaLand Limited and CapitaMalls Asia Limited have jointly

announced the proposed details of building a mall for the

acquired Bedok Town Centre Site.

The site, with a total Gross Floor Area (GFA) of 938,165, has

a 99-year lease term with an estimated yield of 562,899

square feet of Residential GFA and 375,266 square feet of

Commercial GFA and a maximum allowance for building 13

storeys above ground.

Located at the heart of the Bedok transportation hub, the

proposed shopping mall would have an estimated TOP

(temporary occupation permit) on 1H2014 and provide a

seamless link to Bedok’s bus interchange and MRT station.

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