Sunway-Hoi Hup JV wins bid for Singapore condo with RM1.15bil offer

KUALA LUMPUR: Sunway Bhd, through its joint-venture vehicle with Singapore developer Hoi Hup Realty, has won a competitive bid for the en-bloc acquisition of Flynn Park, a condominium development in Yew Siang Road, Singapore, with a bid of S$371 million (RM1.15 billion) last week.

The conglomerate said Sunway Property and Hoi Hup intend to redevelop the site into a modern private residential condominiums, leveraging on the multiple strengths of its location.