Sunway unit partners Hoi Hup to acquire land

PETALING JAYA: Sunway Bhd’s sub-unit has partnered with Singapore developer Hoi Hup Realty Pte Ltd to acquire 22 plots of residential freehold land at Thiam Siew Avenue in Tanjong Katong, Singapore, for S$815mil (RM2.51bil).

Sunway said in a filing with Bursa Malaysia filing that its sub-subsidiary Sunway Developments Pte Ltd (SDPL) and Hoi Hup have signed a sale and purchase agreement with the owners of the land, which comprises landed residential units with a total land area of about 263,794 sq ft.