EL Development has signed a memorandum of understanding with Accor for the French hospitality group to manage a new hotel at Hill Street. The new hotel will be the first Pullman Hotel in Singapore.
EL Development acquired Dunearn Gardens for S$468 million via an en bloc sale. The company intends to redevelop the site into a high-rise luxury residential development comprising of 348 one to four bedroom units.
EL Development acquired the Telephone House at Hill Street from SingTel for S$118 million. The property will be redeveloped into a 350 keys upmarket hotel.
Outbidding five other tenders, EL Development acquired a new residential site at West Coast for S$314.1 million via the Government Land Sales Tender. The new site will be one of the first high-rise condominium to adopt the PPVC (Prefabricated prefinished Volumetric Construction), a new construction method in Singapore
EL Development acquired a new residential site at Yishun for S$278.8 million via the Government Land Sales Tender and it will be developed as a mid-rise residential condominium targeted at the upgrader market.
The plum Sengkang Square residential site was awarded to EL Development for S$383.3 million by Housing Development Board via the Government Land Sales Tender. The company intends to develop the vacant site in close proximity to the Sengkang MRT and LRT station into a full scale condominium of over 800 units.
EL Development emerged the top bidder for the Government Land Sales tender for the residential site at Clementi Ave 4. The site was hotly contested by 10 other developers and EL Development was awarded the Public Housing site under the Design Build and Sell (DBSS) scheme for S$224 million. The site will be developed into public housing of 800 over units of 3- to 5-rooms flats.