Mattar Road site tender awarded to Keong Hong, Hock Lian Seng, TA Corp JV for $223 mil

SINGAPORE (May 17): A joint venture (JV) company consisting of Keong Hong, Hock Lian Seng Holdings and TA Corp has been awarded a land parcel at Mattar Road at a tender price of $223 million.

Joint venture company FSKH is 45% owned by Hock Lian Seng, 35% owned by Keong Hong Holdings and 20% owned by TA Corp.

Set aside for residential development, the Mattar Road site tender drew a number of 10 bids, which included a mix of big and smaller developers.

---

Related Stories

• CDL sells 20% of Union Square Residences by end of Nov 9 at an average price of $3,200 psf
• Metro adds another 25% stake in Fairbriar Real Estate for GBP18 mil
• Pan Hong Holdings expects a loss when it reports its 1HFY2025 ended Sept 2024

---