Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land
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Singapore's Sing Holdings and Sunway Developments have submitted a joint tender bid of S$623.9 million ($486.4 million) for a land parcel at Chuan Grove. If successful, they will form a joint venture for a residential development covering nearly 43,543 square meters, with Sing Holdings Residential holding a 65% stake and Sunway Developments 35%. The project will be financed through internal funds and bank borrowings.
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