SINGAPORE, Nov 29 (Reuters) - The Singapore-led group that won a tender for a large site in the western Chinese city of Chongqing will spend a total of 21.1 billion yuan ($3.31 billion) on what it hopes will become one of the most prominent projects in China, lead developer CapitaLand Ltd said on Tuesday.
CapitaLand, together with shopping mall arm CapitaMalls Asia , announced earlier on Tuesday that they were part of a consortium that had been awarded a 91,783 square metre site next to Chongqing's central business district for S$1.28 billion ($985.30 million).
Capitaland and CapitaMalls will each take 25 percent of the river-front project, while Singbridge Holdings, a unit of Singapore state investor Temasek will hold 30 percent.
The remaining 20 percent will be held by an unnamed party.
Capitaland beat five other parties in a closed tender where the design was a factor in choosing the winner, CEO Liew Mun Leong said at an analyst and media briefing.
Designed by architect Moshe Safdie, the planned development will include a shopping mall and eight towers for residential, office, serviced residences and hotel use with a total gross floor area of 817,000 square metres.
A "sky deck" will connect four of the towers, similar to the Marina Bay Sands casino-resort in Singapore which was also designed by Safdie.
"We are very confident this will be a must-see site for anyone coming into western China," said CapitaLand chief operating officer Lim Ming Yan.
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