PETALING JAYA: Sunway Bhd
is set to expand its presence in Singapore’s property market after emerging as the top bidder for a government land sale site at Chuan Grove, marking its second successful acquisition in the area within two months.
According to Hong Leong Investment Bank (HLIB) Research, a joint venture (JV) between Sunway and Sing Holdings offered S$623.9mil or S$1,331 per sq ft per plot ratio (psf ppr), for the residential site.
