CapitaLand Ltd and partner Sun Hung Kai Properties Ltd are spending S$510mil to transform the Orchard Turn site into a high-end residential and retail development.
Including the land price of S$1.38bil, total investment in the prime commercial site would reach S$1.89bil, CapitaLand president and chief executive officer Liew Mun Leong told an analysts' and media briefing.
