SUNWAY awarded land in Singapore

• 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.

SUNWAY & SUNCITY on merger talk

• RM4.5bill merger value (approx 13% premium). Share resources. More effective & liquidity. 
• SUNCITY launched its latest integrated mixed development - Sunway Nexis at Dataran Sunway, covers 5.83 acres of RM500mill. Comprises three-storey retail shops.