GuocoLand unit bags River Valley Green land at bid price $627.8m

It will be developed as a high-end waterfront development.

GuocoLand Limited’s subsidiary, GLL B Private Limited, was awarded the River Valley Green land parcel after placing the highest bid price of $627.8m.

The 99-year leasehold land has a gross plot ratio of 3.5 and a land area of 11,736 square metres.

It will be developed as a high-end waterfront development comprising two towers with commercial shops on the first storey.

GuocoLand said internal resources and bank borrowings will finance development with no expected material financial impact.

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