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Friday, April 30, 2010

Sunway City sees SSTEC contribution in '12

Sunway City Bhd expects contribution from the RM5 billion Sino-Singapore Tianjin Eco-city (SSTEC) project in China only in 2012, with construction commencing in the first quarter of next year.

Its Managing Director for Property Development (International) Ngian Siew Siong said Sunway City would be involved in developing 41 hectares of the 3,000-hectare Eco-city in five years.

He said this to reporters after a the signing of a collaboration between SSTEC Investment and Development Ltd and Sunway City here today.

This followed a memorandum of understanding (MOU)signed in October 2009 to conduct market research and a feasibility study as well as develop a business plan over a six-month period.
The 41-hectare development will consist of 90 per cent residential properties which include condominiums and a waterfront parcel, featuring exclusive high-end villas.

By Bernama

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