According to the latest news, Government Land Sale (GLS) tenders closed on Thursday, with a 99-year leasehold site at Tan Quee Lan Street securing only two bids while the site at one-north Gateway brought in nine bids. Of which, the top bid for the Midtown Gardens site of S$800.19 million (S$1,535 per square foot per plot ratio) came from GuocoLand, Hong Leong Group and Hong Leong Investment Holdings.
Listed on the Singapore Exchange Securities Trading Limited since 1978, GuocoLand Limited ("GuocoLand") is a premier regional property company with operations in the geographical markets of Singapore, China, Malaysia, and Vietnam. In 2017, GuocoLand marked its expansion beyond Asia into the new markets of the United Kingdom and Australia through a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad.
Founded in 1963, Hong Leong Group proudly shares its birth with the nation of Malaysia. From its humble beginning as a building materials trading company, Hong Leong Group's entrepreneurial journey was charted alongside the industrialization and economic growth of Malaysia. With an unwavering commitment to quality, honor, and integrity, and its ability to identify and respond to the needs of a vibrant developing nation, Hong Leong Group's early years of growth was indeed built upon the strength of the nation.
Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages 8 commercial projects and has developed close to 100 residential properties, including a range of mid to high-end residential projects in some of the country’s most coveted neighborhoods.