Property News · May 17, 2018

Group led by Hong Kong conglomerate New World Development wins Singapore plot for US$306.76 million


Hong Kong conglomerate New World Development is part of a consortium that has won the tender for a luxury residential site close to Orchard Road, Singapore’s famous shopping and entertainment strip, securing the plot for S$2,377 per square foot, a record for all government residential sites in the city.
New World, which is controlled by the Cheng family, teamed up with Singapore-based SC Global Development and Hong Kong-listed Far East Consortium to outbid eight competitors for the S$410…

Source : South China Morning Post
Read more…Group led by Hong Kong conglomerate New World Development wins Singapore plot for US6.76 million