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Kingsford Group Wins Telok Blangah Site with $918.3M Bid

11/5/2025

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Summary

Story summary

The Government Land Sales (GLS) tender for the Telok Blangah Road site in Singapore closed on November 4, 2025, with three bids.
Kingsford Group submitted the highest bid of S$918.3 million; GuocoLand and Intrepid Investments bid S$880 million, and Frasers Property S$863.26 million.
Close bid margins signal consensus on the site's value.
The site could yield 745 private homes, and analysts expect strong demand due to location and amenities.

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Story summary

The Government Land Sales (GLS) tender for the Telok Blangah Road site in Singapore closed on November 4, 2025, with three bids.
Kingsford Group submitted the highest bid of S$918.3 million; GuocoLand and Intrepid Investments bid S$880 million, and Frasers Property S$863.26 million.
Close bid margins signal consensus on the site's value.
The site could yield 745 private homes, and analysts expect strong demand due to location and amenities.