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Yanlord, MCL bag Tulip Garden for S$907m, 20% above reserve price

Deal is second highest en bloc value for 2018; site could potentially yield up to 670 residential units

Published Thu, Apr 12, 2018 · 09:50 PM

Singapore

A YANLORD Land Group and MCL Land joint venture has successfully bagged the freehold Tulip Garden for S$906.889 million, the nation's second largest collective sales deal so far in 2018.

The sale price is 20.4 per cent higher than the reserve price of S$753 million for the 316,708 sq ft freehold estate when the tender was launched on Feb 28.

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