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Lend Lease's top bid in Paya Lebar honed by its Jurong experience

Big guns from Singapore, overseas out in force, but divergence in bids points to disparate reading of market

Kalpana Rashiwala

Published Tue, Mar 31, 2015 · 09:50 PM

Singapore

AUSTRALIAN group Lend Lease's top bid on Tuesday for the Paya Lebar Central site has been termed "aggressive", "bullish" and "very optimistic" by some property consultants.

However, the group's pioneering experience at another regional commercial hub, Jurong East, where it developed the Jem retail and office project, may have boosted its confidence in Paya Lebar.

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