Sunway gets S’pore land for condo project

PETALING JAYA: Sunway Bhd, via a joint-venture with Hoi Hup Realty Pte Ltd, has been awarded a land parcel in Singapore to develop a condominium at Tengah Plantation Close, Singapore.

On Sept 11, Singapore’s Housing and Development Board awarded the land parcel for a 99-year lease term executive condominium development at S$348.5mil to Hoi Hup and Sunway Developments Pte Ltd (SDPL), following a tender process.

The size of the land was not disclosed.

SDPL is wholly-owned by Sunway Holdings Sdn Bhd, which in turn is a wholly-owned unit of Sunway.