Guohao Group (00053): Guohao Real Estate and Intrepid form a joint venture to develop Singapore properties

According to Zhitong Finance App, Guohao Group (00053) announced that on November 4, 2026, GLS, a wholly-owned subsidiary of Guohao Real Estate, signed a joint venture agreement with Intrepid and BDPL (a joint venture established to undertake the project) to develop the property according to the GLS (40%) and Intrepid (60%) agreements.

Under the joint venture agreement, BDPL was established as an approved developer to undertake the project, which included the acquisition and development of the property and the handling of residential units to be developed in the property. The property was acquired through tenders for approximately SGD 577 million (approximately HK$3,537 million) from the Urban Renewal Authority of Singapore. According to the joint venture agreement, GLS's total investment amount is approximately SGD 83,0381 million (approximately HK$509 million), including a share capital of SGD 1.6 million (approximately HK$9.812 million) and shareholder loans of approximately SGD 81,4381 million (approximately HK$499 million).

This property refers to all of the lots in Lot 04427W called Mukim 01 on Berlayar Drive, Singapore.

Guohao Real Estate Group is engaged in property development and investment business, and operates in Singapore, Mainland China and Malaysia. The transaction is part of Guohao Real Estate Group's general and daily business. Intrepid is a well-known real estate developer in Singapore. The establishment of a joint venture enabled GLS to participate in the project with a lower capital investment and allowed Guohao Real Estate Group to reserve capital for other investment opportunities.