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Yanlord makes winning joint bid for freehold Tulip Garden in Singapore Central region
2018/4/16 9:55:16

Singapore/Hong Kong ¨CYanlord Land Group in a recent press release announced that Asia Radiant Pte. Ltd., an entity under a jointly held entity with MCL Land Limited, a subsidiary of Hongkong Land Holdings Limited; successfully tendered S$906.9 million for the collective sale of the property known as Tulip Garden in Singapore and has been duly accepted by owners of the property.

Ideally located within Singapore¡¯s prime District 10 address, Tulip Garden lies a stone¡¯s throw from the chic Holland Village enclave and rests on an undulating site of approximately 316,708 square feet. With a Masterplan plot ratio of 1.6, the site could potentially yield up to 670 prime residential units. Benefiting from its excellent connectivity via the key thoroughfare of Farrer Road and being minutes away from the Farrer Road MRT station means future residents of the project will have seamless access to a comprehensive suite of lifestyle, healthcare and education amenities.  Commenting on the successful acceptance of its bid, Yanlord¡¯s Chairman and Chief Executive Officer, Mr. Zhong Sheng Jian, said, ¡°The successful acquisition of this prime site marks our inaugural venture into the Singapore property market. As a key global financial centre, Singapore¡¯s residential market presents a good value proposition for developers seeking to develop additional growth opportunities. With a mature suite of lifestyle offerings, this freehold site has strong potential for development and leveraging on our development capabilities as well as that of our partner, we hope to develop this land parcel into a new landmark development.¡±