Yanlord, MCL bag Tulip Garden for S$907m, 20% above reserve price

Deal is second highest en bloc value for 2018; site could potentially yield up to 670 residential units
yunitaso@sph.com.sg@YunitaOngBT

Tulip Garden was first sold in July 2007 but the buyer backed out when it could not raise the funds. Its latest price is below the S$980m raked in by Pacific Mansion owners.
PHOTO: COLLIERS INTERNATIONAL

Singapore

A YANLORD Land Group and MCL Land joint venture has successfully bagged the freehold Tulip Garden for S$906.889 million, the nation's second largest collective sales deal so far in 2018.

The sale price is 20.4 per cent higher than the reserve price of S$753 million for