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Sunway Unit Bags S$703.6 Mln Residential Development Job In Singapore

Sunway Unit Bags S$703.6 Mln Residential Development Job In Singapore

Barnama17-07-2025
KUALA LUMPUR, July 17 (Bernama) -- The Urban Redevelopment Authority of Singapore has awarded a 1.58-hectare land parcel at Chuan Grove, Singapore, to Sing Holdings Residential Pte Ltd (SHRPL) and Sunway Developments Pte Ltd (SDPL), following a successful joint tender by both parties.
In a Bursa Malaysia filing today, Sunway Bhd said the contract involves a 99-year lease for residential development at a total consideration of S$703.6 million (approximately RM2.33 billion).
SDPL is a wholly owned subsidiary of Sunway Holdings Sdn Bhd, which is in turn wholly owned by Sunway Bhd.
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