The eighth 99-year leasehold private housing parcel in the Lentor precinct drew five bids at its close on March 3. A record top bid for the area, at $1,278 psf per plot ratio (psf ppr), came from Mainboard-listed developer GuocoLand and consortium partners Intrepid Investments and TID Residential.
Intrepid Investments is a subsidiary firm of Hong Leong Holdings. TID is a joint venture between property developers Hong Leong Group and Mitsui Fudosan.
