The joint venture’s stake distribution for the Tampines Avenue 11 Condo was revealed on June 27. CapitaLand has retained a 50% stake, with UOL and SingLand equally splitting up the rest. This mixed-use development is expected to house 1,190 new homes, along with retail and community amenities to cater to the rising population in Tampines North. It is anticipated to provide an extensive range of facilities for the local residents.
The distribution of stakes for the Tampines Ave 11 Condo joint venture has been established with CapitaLand taking a 50% share and UOL and SingLand splitting the remaining half. As revealed in a press release on June 27, the joint venture will create a mixed-use development featuring 1,190 new homes, as well as retail and community amenities to cater to the needs of the growing population in Tampines North.
Mixed-use projects, in which multiple uses are integrated into a single …