JV formed for land development at Tai Thong Crescent

A City Developments Limited subsidiary has teamed up with Intrepid.

The Directors of City Developments Limited announced that CDL’s wholly-owned subsidiary Verwood Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd. have entered into a memorandum of general agreement in connection with a joint tender submitted on 6 September 2012 to the Urban Redevelopment Authority of Singapore.

The tender was for a piece of land situated at Tai Thong Crescent (Parcel C) for Residential with 1st storey Commercial development at a tender price of $245 million. On 7 September 2012, URA officially awarded the Tai Thong Crescent property to the parties.

The interests of the parties in the Tai Thong Crescent property project are 60% for Verwood and 40% for Intrepid.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia