According to JTC, the tendered bid price was just over $43.5 million. The winning proposal will deliver a 224-key hospitality development in PDD’s Tower 98 on a direct 60-year lease, operated by Habyt, which operates flexible-living hotels, serviced apartments and residential properties.
JTC has awarded the tender for a hotel and serviced residence development in Punggol Digital District (PDD) to Verdant View, a joint venture between JMD Holdings and TCRE Partners co-founder Nicholas Yeo.
Yeo is the great-grandson of Yeo Keng Lian, who founded the Mainboard-listed food and beverage manufacturer Yeo Hiap Seng.
