SINGAPORE (May 17): A joint venture (JV) company consisting of Keong Hong, Hock Lian Seng Holdings and TA Corp has been awarded a land parcel at Mattar Road at a tender price of $223 million.

Joint venture company FSKH is 45% owned by Hock Lian Seng, 35% owned by Keong Hong Holdings and 20% owned by TA Corp.

Set aside for residential development, the Mattar Road site tender drew a number of 10 bids, which included a mix of big and smaller developers.

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