Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Saturday, September 4, 2010

Sunway unit in Singapore project

PETALING JAYA: Sunway Holdings Bhd’s unit, Sunway Developments Pte Ltd, and joint-venture partner Hoi Hup Realty Pte Ltd will pay S$165mil (RM384mil) to lease a parcel of state land from the Singapore government at Miltonia Close for 99 years to undertake a property development project.

“The completion period of the proposed project shall be 72 months or earlier, commencing from Sept 2 and would contribute positively to the earnings of Sunway Group for the financial year ending Dec 31, 2011 onward,” Sunway told Bursa Malaysia yesterday.

By The Star

No comments: