Two land parcels within the new Lentor Hills estate were auctioned off by Singapore’s Urban Redevelopment Authority on Tuesday, with a consortium led by Chinese-owned United Engineers winning the larger of the two residential development sites with a bid of S$481 million ($345 million).
The unit of Shanghai-based developer Yanlord Land, along with partners Soilbuild Group Holdings and UED Alpha, overcame two other bids by Tanglin Land and a team led by GuocoLand to earn the right to…