Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land

Reuters

Sep 04

Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land

Sept 4 (Reuters) - Singapore-based property developer Sing Holdings SHDS.SI said on Thursday that it has submitted a joint tender bid of S$623.9 million ($486.4 million) alongside Sunway Developments for a second land parcel at Chuan Grove.

The company said its unit, Sing Holdings Residential, and Sunway Developments will form a joint venture if it gets the tender for building a residential development that would span a gross floor area of nearly 43,543 square metres.

Sing Holdings Residential will hold a 65% stake in the joint venture, while Sunway Developments will hold the other 35%.

Sunway Developments is a Singapore-incorporated entity of Malaysian conglomerate Sunway Bhd SWAY.KL.

The project would be funded internally and through bank borrowings, Sing added.

($1 = 1.2827 Singapore dollars)

(Reporting by Nichiket Sunil in Bengaluru; Editing by Shailesh Kuber)

((Nichiket.Sunil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2564987379"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2564987379\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2564987379?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-04 19:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2564987379","market":"fut","top_or_hot":-1,"title":"Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land</title></head><body><p><span>Sept 4 (Reuters)</span><span> - </span>Singapore-based property developer Sing Holdings <span>SHDS.SI</span> said on Thursday that it has submitted a joint tender bid of S$623.9 million ($486.4 million) alongside Sunway Developments for a second land parcel at Chuan Grove.</p><p>The company said its unit, Sing Holdings Residential, and Sunway Developments will form a joint venture if it gets the tender for building a residential development that would span a gross floor area of nearly 43,543 square metres.</p><p>Sing Holdings Residential will hold a 65% stake in the joint venture, while Sunway Developments will hold the other 35%.</p><p>Sunway Developments is a Singapore-incorporated entity of Malaysian conglomerate Sunway Bhd <span>SWAY.KL</span>.</p><p>The project would be funded internally and through bank borrowings, Sing added.</p><p>($1 = 1.2827 Singapore dollars)</p><p> (Reporting by Nichiket Sunil in Bengaluru; Editing by Shailesh Kuber)</p><p> ((Nichiket.Sunil@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-04 19:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove land</title></head><body><p><span>Sept 4 (Reuters)</span><span> - </span>Singapore-based property developer Sing Holdings <span>SHDS.SI</span> said on Thursday that it has submitted a joint tender bid of S$623.9 million ($486.4 million) alongside Sunway Developments for a second land parcel at Chuan Grove.</p><p>The company said its unit, Sing Holdings Residential, and Sunway Developments will form a joint venture if it gets the tender for building a residential development that would span a gross floor area of nearly 43,543 square metres.</p><p>Sing Holdings Residential will hold a 65% stake in the joint venture, while Sunway Developments will hold the other 35%.</p><p>Sunway Developments is a Singapore-incorporated entity of Malaysian conglomerate Sunway Bhd <span>SWAY.KL</span>.</p><p>The project would be funded internally and through bank borrowings, Sing added.</p><p>($1 = 1.2827 Singapore dollars)</p><p> (Reporting by Nichiket Sunil in Bengaluru; Editing by Shailesh Kuber)</p><p> ((Nichiket.Sunil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250904:nL4N3UR0Q6:1","article_id":"2564987379","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564987379","pubTimestamp":1756985116,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove landSept 4  - Singapore-based property developer Sing Holdings SHDS.SI said on Thursday that it has submitted a joint tender bid of S$623.9 million  alongside Sunway Developments for a second land parcel at Chuan Grove.The company said its unit, Sing Holdings Residential, and Sunway Developments will form a joint venture if it gets the tender for building a residential development that would span a gross floor area of nearly 43,543 square metres.Sing Holdings Residential will hold a 65% stake in the joint venture, while Sunway Developments will hold the other 35%.Sunway Developments is a Singapore-incorporated entity of Malaysian conglomerate Sunway Bhd SWAY.KL.The project would be funded internally and through bank borrowings, Sing added.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6512":"房地产股","5IC.SI":"星控股","BK6117":"房地产开发"},"translate_title":"新加坡Sing Holdings和Sunway Developments出价4.86亿美元收购Chuan Grove land","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5IC.SI":0.9},"content_text":"Singapore's Sing Holdings, Sunway Developments bid $486 million for Chuan Grove landSept 4 (Reuters) - Singapore-based property developer Sing Holdings SHDS.SI said on Thursday that it has submitted a joint tender bid of S$623.9 million ($486.4 million) alongside Sunway Developments for a second land parcel at Chuan Grove.The company said its unit, Sing Holdings Residential, and Sunway Developments will form a joint venture if it gets the tender for building a residential development that would span a gross floor area of nearly 43,543 square metres.Sing Holdings Residential will hold a 65% stake in the joint venture, while Sunway Developments will hold the other 35%.Sunway Developments is a Singapore-incorporated entity of Malaysian conglomerate Sunway Bhd SWAY.KL.The project would be funded internally and through bank borrowings, Sing added.($1 = 1.2827 Singapore dollars) (Reporting by Nichiket Sunil in Bengaluru; Editing by Shailesh Kuber) ((Nichiket.Sunil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}