A GuocoLand (SGX:F17) subsidiary and Intrepid Investments secured a tender for a residential land parcel at Berlayar Drive in Singapore for around SG$576.8 million, according to a Friday filing with the Singapore Exchange.
The leasehold site spans an area of about 25,263 square meters and can yield up to 416 private residential units. The unit has a 40% stake in the venture, with Intrepid holding the remaining 60%.
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