In 2006, Hongkong Land acquired 77.4% of MCL Land, a leading Singapore-listed residential property developer, through a Voluntary Cash Offer, at a cost of some US$307 million. The acquisition gives scale to Hongkong Land's growing residential property business and provides a platform from which to develop that business further in Southeast Asia.

MCL Land has more than 30 years of experience building homes in Singapore and Malaysia and has an extensive portfolios of prime residential properties at various stages of development for sale.

For further information, please contact:

Koh Teck Chuan
Chief Executive Officer & Director,
MCL Land Limited
Tel: +(65) 6221 8111
Fax: +(65) 6225 3383
Email : tckoh@mclland.com.sg