Sunway, Hoi Hup win tender for Singapore land project

KUALA LUMPUR: A joint bid by Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd (SDPL) has won the tender for a five-acre parcel of land at Plantation Close, Tengah, in Singapore for a 99-year lease term executive condominium housing development at S$423.38mil (about RM1.5bil).

In a filing with Bursa Malaysia, Sunway Bhd, which owns Sunway Holdings Sdn Bhd, which in turn owns Sunway Developments, said it had received the award from the Housing and Development Board of Singapore.