The tender was previously submitted by a consortium made up of GuocoLand’s wholly-owned subsidiary, GuocoLand (Singapore), together with Hong Leong Holdings’ subsidiary Intrepid Investments and TID Residential. TID is a joint venture between Hong Leong and Mitsui Fudosan.
GuocoLand, on Jan 26, announced that its tender for a land parcel at Lentor Hills Road (Parcel A) has been accepted by the Urban Redevelopment Authority (URA) at a bid price of $586.6 million.
The bid price translates to $1,060 psf per plot ratio.
