CDL's partnership with Hongkong Land may be better route for it to grow in China

HONGKONG Land's H78 fully-owned subsidiary MCL Land and C09 (CDL) seem to have formed an alliance of sorts. Since March 2019, the duo have teamed up to bid for more than half a dozen residential sites at Singapore Government Land Sales (GLS) tenders. They have been successful on two occasions so far, both this year.

The first was in April, when they placed the highest bid for a plot directly connected to Farrer Park MRT station near Mustafa Centre. The site is designated for private housing development with commercial space at the first storey.

Then, in May, an MCL Land and CDL partnership placed the winning top bid for the maiden executive condominium (EC) housing site in the new estate of Tengah in western Singapore. ECs are a public-private housing hybrid.