- Sunway Holdings together with its two Singaporean JV partners have been awarded the tender of a 103-year lease on a parcel of land at Yuan Ching Road for RM314.91mill from the Housing and Development Board of Singapore.
- Sunway Developments Pte Ltd, Hoi Hup Realty Pte Ltd and SC Wong Holdings Pte Ltd will form a JV to develop the land. Sunway Development will hold a 30% equity stake while Hoi Hup holds 60% and SC Wong 10%. The development project is estimated to be completed in 48 months or earlier.
Wednesday, January 12, 2011
SUNWAY awarded land in Singapore
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