GuocoLand Adds S$800M Residential Site to Guoco Midtown Project in Singapore
GuocoLand has expanded its Singapore Guoco Midtown project by merging recently acquired residential site in a S$800 million acquisition.
The site was acquired from Singapore’s Urban Redevelopment Authority, doubling the size of the Guoco Midtown project that is due to be completed in 2022.
The acquisition comes as the Urban Development Authority’s property price index shows private home prices rose 1.7 percent in the first 3 quarters of 2019. Colliers Research expects that for the full year in 2019, Singapore’s overall home prices will rise two percent.
Full article by James Hatton, Mingtiandi: View full article here