What the analysts are saying about our bid at Paya Lebar

We went in for the tender for the mixed development site at the proposed Paya Lebar

commercial hub. So far, the response from the market has been reasonably positive. Here's what some are saying.
OCBC Research reckons the price was reasonable and we would be able to derive synergy from the development across the road at Lion City site.  Nomura thinks the tender price was below market expectations and suggests the tender reinforces our disciplined landbanking track record . Meanwhile, UBS investment research says we could re-create the mixed-use success in Novena where we control the popular commercial properties United Square and Novena Square.

The 2.07 ha site, which can generate about 87,000 sqm of GFA, is envisioned to be good-quality mixed-use development comprising office, hotel and retail uses. At least 40% and 15% of the maximum permissible GFA of the proposed development on the subject site must be set aside for office and hotel use respectively. The remaining GFA can be for additional office, hotel, retail, entertainment or food & beverage uses.
(Picture from URA website)