Yanlord-Hongkong Land JV wins Tulip Garden en bloc sale with $907 mil bid

SINGAPORE (Apr 12): Asia Radiant, a joint venture entity between Yanlord Land Group and Hongkong Land Holdings’ MCL Land, has won the tender for the en bloc sale of Tulip Garden with a bid of $906.9 million.

The winning bid is approximately 20% above Tulip Garden’s reserve price of $753 million when it was put up for sale by tender in late February.

This was the fourth collective sale attempt by the owners of the 33-year-old property.

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