Sunway-led JV wins S$2.13bil Singapore land tender
Sunway Bhd's joint venture has secured a land tender in Singapore for S$2.13 billion to develop a mixed-use residential and commercial project. The project is expected to contribute to the group's earnings starting in 2029.
Why it matters
This significant investment reflects ongoing urban development expansion in Singapore and the strategic growth of the Sunway Group in the regional property market.
KUALA LUMPUR: Sunway Bhd 's joint ventures, Gemini Residential Pte Ltd and Gemini Trustee Pte Ltd, have been awarded a parcel of land at Bayshore Drive, Singapore, for S$2.13 billion (approximately RM6.74 billion) by the Urban Redevelopment Authority of Singapore.
Gemini Residential Pte Ltd and Gemini Trustee Pte Ltd are 30 per cent-owned joint ventures of Sunway, a conglomerate with businesses spanning property, construction, hospitality, retail, leisure, education, trading and manufacturing, quarrying, building materials and real estate investment trusts (REITs).
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in