Staff Reporter
,
Singapore
Photo by RDNE Stock project from Pexels
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.
Join
Singapore Business Review
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!