Guoco Group ( (HK:0053) ) has issued an announcement.
Guoco Group’s wholly-owned subsidiary, GuocoLand, has entered into a joint venture agreement with Intrepid and CSC Land for the development of a property at Tengah Garden Avenue in Singapore. The project, valued at S$675 million, aims to develop approximately 860 residential units and a commercial space on the first floor. GuocoLand holds a 20% stake in the joint venture, with Intrepid and CSC Land holding 60% and 20% respectively. This strategic move positions Guoco Group to expand its footprint in Singapore’s real estate market, potentially enhancing its market presence and offering stakeholders a stake in a significant urban development project.
More about Guoco Group
Guoco Group operates in the real estate industry, primarily focusing on property development and investment. The company is involved in the creation of residential and commercial properties, with a market focus on strategic urban locations.
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