GuocoLand-led JV wins tender for Tengah Garden Avenue for $675m

The site can yield up to 860 residential units.

GuocoLand unit, GuocoLand Singapore, along with Intrepid and CSC Land has won the tender for Tengah Garden Avenue, now known as Land Parcel 983 with a bid of $675m.

Zoned “Residential with Commercial at 1st Storey” with a site area of 25,458.4 sq m, the site can potentially yield approximately 860 residential units.

It is located next to the upcoming Hong Kah MRT Station of the Jurong Region Line and will be served by bus services that will ply Tengah Garden Avenue.

The interest holdings of GLS, Intrepid, and CSC Land in the land parcel are 20%, 60%, and 20%, respectively.

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