GuocoLand billionaire, partners buy prime Singapore property for $743m

Pedestrian stand along a promenade in front of commercial buildings standing in the central business district in Singapore, on Friday, Feb. 16, 2018. Photographer: Ore Huiying/Bloomberg

Billionaire Quek Leng Chan’s GuocoLand Ltd. and its joint venture partners are buying Pacific Mansion near Singapore’s business district for S$980 million ($743 million), the biggest purchase of a residential site for redevelopment in more than a decade.

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