GuocoLand (SGX:F17) subsidiary GuocoLand (Singapore) and its joint venture partners, Intrepid Investments and TID Residential, were awarded a land parcel tender at Lentor Central, Singapore, by the Urban Redevelopment Authority for SG$657.1 million.
The land covers 15,925.8 square meters and is planned for a residential development of around 562 units.
The JV is held 50% by GuocoLand (Singapore), and 40% and 10% by Intrepid and TID, respectively.
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