Guoco Group (HK:0053) has released an update.
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GuocoLand’s subsidiary, GLS, has entered into a joint venture with Intrepid and Hong Realty to develop a residential project at Margaret Drive, Singapore. The project, acquired for S$497 million, aims to create approximately 460 residential units, with GLS contributing over S$54 million towards the development. This strategic collaboration highlights GuocoLand’s commitment to expanding its real estate portfolio in prime locations.
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