Jan 21 (Reuters) - Singapore-based GuocoLand's GUOC.SI unit, along with Intrepid Investments and CSC Land Group, won the tender for a land parcel at Tengah Garden Avenue in Singapore for S$675 million ($496.43 million), the real estate group said on Tuesday.
The consortium plans to develop the land into a mixed-use hub, with commercial operations and about 860 residential units above, according to the company's statement.
GuocoLand, indirectly controlled by Malaysian billionaire Quek Leng Chan, in the previous week secured two green loans amounting to a total of S$1.24 billion to refinance its mixed property and luxury residential developments.
($1 = 1.3597 Singapore dollars)
(Reporting by Kumar Tanishk in Bengaluru; Editing by Vijay Kishore)
((Tanishk.Kumar@thomsonreuters.com;))
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