Noel Gifts Wins Singapore Land with SG$39.5 Million Bid

MT Newswires

03-24

Noel Gifts International (SGX:543) said its unit Noel Property Development secured a 3,301-square-meter freehold site at Jalan Jamal and Elite Park Avenue in Singapore for SG$39.5 million, according to a Friday filing on the Singapore Exchange.

The company plans to develop three-story mixed-landed homes on the site, funding the project internally and with bank loans.

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