Guoco Group Limited has announced a significant investment in a residential property project in Singapore.

On June 3, 2026, the company's real estate arm, a wholly-owned subsidiary named GLS, entered into a joint venture agreement with partners Intrepid and TIDR, as well as with LCPL, a special purpose vehicle established for this project.

The agreement outlines that the property will be developed according to the agreed shareholding structure: GLS will hold a 50% stake, Intrepid 40%, and TIDR 10%.

Under the terms of the joint venture, LCPL has been set up as the approved developer responsible for the project, which encompasses acquiring the land, developing the site, and managing the sale of the residential units to be built.

The land parcel, located in the Lentor Central area of Singapore, was secured through a tender process with a winning bid of S$657.1 million, equivalent to approximately HK$4.025 billion.

The site is strategically positioned near the Lentor Mall and Lentor MRT station, with convenient access to major expressways and the upcoming North-South Corridor.

Spanning a total area of 15,925.8 square meters, the development is planned to yield around 562 residential units.

As per the joint venture agreement, the total capital commitment from all shareholders is about S$236.5 million.

Guoco Group's subsidiary, GLS, is committed to a total investment of roughly S$118 million, or HK$724 million.

This investment comprises an equity portion of S$27 million (about HK$165.4 million) and a shareholder loan amounting to S$91.2559 million (approximately HK$559 million).

The announcement noted that the joint venture partners, Intrepid and TIDR, are well-established and reputable property developers in Singapore.

Forming this joint venture enables GLS to participate in the project with a lower capital outlay, allowing the Guoco Group real estate division to preserve capital for other potential investment opportunities.