Sunway wins RM2bil Singapore land tender

Sunway said the proposed development is expected to begin contributing to its earnings from the financial year ending December 2027.

PETALING JAYA: Sunway Bhd, through its wholly-owned unit Sunway Developments Pte Ltd (SDPL), has won a land tender in Singapore with joint-venture (JV) partner Sing Holdings Residential Pte Ltd (SHRPL).

The parcel, located at Chuan Grove, covers 14,514.3 sq m and was awarded by the Urban Redevelopment Authority (URA) yesterday for S$623.91mil, or approximately RM2.05bil.