KUALA LUMPUR: Sunway Developments Pte Ltd, a unit of Sunway Holdings Bhd, has entered into a joint-venture agreement with Hoi Hup Realty Pte Ltd to set up Hoi Hup Sunway Property Pte Ltd.
The proposed joint venture would undertake a residential property development project on a parcel of freehold land in Singapore.
In a note to Bursa Malaysia Dec 23, the group said the proprosed project was projected to generate an estimated gross development value of RM1.03 billion.
Sunway would fund its investment in the joint venture via bank borrowings and internally generated funds.
Citing Credit Suisse's latest estimation, the group said the property segment outlook should continue to recover substantially. - Bernama
The proposed joint venture would undertake a residential property development project on a parcel of freehold land in Singapore.
In a note to Bursa Malaysia Dec 23, the group said the proprosed project was projected to generate an estimated gross development value of RM1.03 billion.
Sunway would fund its investment in the joint venture via bank borrowings and internally generated funds.
Citing Credit Suisse's latest estimation, the group said the property segment outlook should continue to recover substantially. - Bernama
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
Tropicana Aman Bayan Residences
Telok Panglima Garang, Selangor
RM 1,299,000
6 beds |
6 bath |
3415 sqft
SALE
FEATURED
Tropicana Aman Bayan Residences
Telok Panglima Garang, Selangor
RM 1,199,000
5 beds |
6 bath |
4516 sqft
SALE
FEATURED
SkyLuxe On The Park @ Bukit Jalil
Bukit Jalil, Kuala Lumpur
RM 1,280,000
3 beds |
2 bath |
1100 sqft
SALE
FEATURED
Country Heights Damansara
Country Heights Damansara, Kuala Lumpur
RM 11,000,000
6 beds |
6 bath |
16500 sqft
SALE
FEATURED
East Residence @ KLGCC
Damansara, Kuala Lumpur
RM 5,500,000
7 beds |
7 bath |
4600 sqft
SALE
FEATURED
The Residence, Mont Kiara
Mont Kiara, Kuala Lumpur
RM 12,000,000
7 beds |
6 bath |
7200 sqft