Sunway to jointly develop 'executive condominiums' in S’pore

Revenue generator: A file picure shows the group’s crown jewel Sunway Lagoon Resort Hotel in Petaling Jaya. Sunway says the proposed project in Singapore will contribute positively to the earnings of the group from the financial year ending Dec 31, 2018.

PETALING JAYA: Sunway Bhd will work with its joint venture partners to develop leasehold land measuring 21,014 sq m in Singapore into “executive condominiums”.

In a filing with Bursa Malaysia yesterday, it said Sunway Developments Pte Ltd (SDLP) and Hoi Hup Realty Pte Ltd had won a tender to buy 99-year leasehold land at Anchorvale Lane in Singapore for S$240.95mil (RM724.14mil).