Singapore estate buy for RM1.59bil a boon for Sunway

PETALING JAYA: Sunway Bhd’s planned acquisition of a Singapore-based residential estate for S$530mil (about RM1.59bil) is expected to contribute positively to its coffers, moving forward, as the group expands its footprint in the city-state.

Sunway unit Sunway Developments Pte Ltd plans to jointly acquire a private residential property – Brookvale Park in Singapore – with Hoi Hup Realty Pte Ltd.