Altura EC is a 99-year leasehold executive condominum situated in Bukit Batok with 375 Altura EC residential units, close to Bukit Batok MRT Station, schools and future developments.

Intrepid Investments and TID Residential have placed the second-highest bid in the Altura executive condo land tender, outbidding seven other contenders. The two firms jointly bid S$490.9 million for the 99-year leasehold site located along Yishun Avenue 9, which was the second-highest bid out of the eight bids submitted.

The tender was launched in May this year and the successful bidder, Roxy-Pacific Holdings, had submitted the highest bid of S$491.9 million. This makes Intrepid Investments and TID Residential the second-highest bidder in the tender.

Intrepid Investments is a Singapore-based private equity fund focusing on real estate and infrastructure investments. The company was founded in 2017 and has since invested in a variety of real estate and infrastructure projects in Singapore, the United States, and the United Kingdom.

TID Residential is part of the TID Group, a leading real estate developer in the Asia Pacific region, with a focus on residential and commercial projects. The company has developed a number of prestigious residential and commercial projects in Singapore, China, and Malaysia.

The Altura executive condo land site has a total land area of approximately 15,000 square metres and is situated in a prime residential area in Yishun. The tender attracted a number of bids, with Intrepid Investments and TID Residential placed second in the tender.

The two companies have not disclosed their plans for the site but industry experts believe that the two companies may develop a high-end residential project with a mix of apartments, condominiums and other residential units.

Given the location of the site, the project is likely to be successful as the area is well connected to major transportation hubs and is surrounded by amenities such as shopping malls, restaurants and entertainment outlets.

The success of Intrepid Investments and TID Residential in the tender reflects their ability to identify attractive investment opportunities and to compete effectively with other bidders. The two companies are well-positioned to make the most of the Altura executive condo land tender and to develop a successful residential project.

Intrepid Investments, a leading commercial real estate investment firm, and TID Residential, a subsidiary of the TID Group, recently placed the second highest bid in the Altura Executive Condo land tender. The two companies, which have a long history of successful investments, were competing against two other bidders for the rights to develop the land.

The Altura Executive Condo land tender was initiated by the Singapore Land Authority (SLA), with the aim of selecting the best development partner for the site. Intrepid Investments and TID Residential were chosen as the second highest bidder, with a total bid amount of S$193.9 million. This was slightly lower than the highest bid of S$196.2 million, but still well above the reserve price of S$181.9 million.

The Altura Executive Condo land tender was a highly competitive process, with two other bidders vying for the rights to develop the site. Intrepid Investments and TID Residential were able to win the tender due to their strong track record in commercial real estate investments, as well as their commitment to developing the site to its highest potential.

The development of the Altura Executive Condo site will be a major boost to the local economy, as it will create jobs and bring new investment to the area. Intrepid Investments and TID Residential plan to develop the site into an upmarket residential complex, featuring a range of luxury amenities and facilities. This will create a vibrant and desirable living environment for future residents.

The Altura Executive Condo project is an important milestone for Intrepid Investments and TID Residential. It marks the first time the two companies have partnered together on a major development project, and is a significant step forward in their mission to become a leading player in the Singapore real estate market.

The Altura Executive Condo project will be a major boon for the local economy, creating jobs and bringing in much needed investment. It is also a testament to the commitment of Intrepid Investments and TID Residential to developing quality real estate projects in Singapore. With their successful bid for the Altura Executive Condo land tender, the two companies have demonstrated their expertise in the real estate sector and are well-positioned to continue developing projects in the future.