It has a leasehold of 99 years.
A consortium of GLL Prosper Pte Ltd and GLL Thrive Pte Ltd won the award for the commercial site at Beach Road for $1.6b.
According to the Urban Redevelopment Authority (URA), the consortium won the highest bid for the site.
The land parcel was offered for sale on a 99-year leasehold.
There will be two plots on the site.
The site's maximum permissible gross floor area (GFA) is 88,313 sqm.
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