PETALING JAYA: SP Setia Bhd, which is turning into Permodalan Nasional Bhd’s (PNB) regional property powerhouse, has won a highly-competitive bid to develop a prime piece of land in Singapore.
The property developer was awarded the tender by Singapore’s Urban Redevelopment Authority (URA) for the 1.87ha on Toh Tuck Road at a winning bid of S$265mil (RM847.6mil).
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