“Note that CDL’s top bid was higher than Frasers by around 10.4 per cent, which is considered a strong upfront premium and a sign of interest.  It also stands out because CDL’s winning bid would be the second-highest land bid in the Outside of Central Region (OCR) this year. It’s only slightly behind the highest OCR bid so far in 2025, which was $1,388 psf for the Bayshore Road tender in March 2025.”