Sing Holdings JV Secures Second Site at Chuan Grove, Singapore; Shares Up 6%

MT Newswires

2025/09/11

Sing Holdings' (SGX:5IC) subsidiary, Sing Holdings Residential, and Sunway Developments, through a joint venture, Chuan Grove Pte. Ltd., were awarded a second land parcel at Chuan Grove by the Urban Redevelopment Authority of Singapore.

Shares of Sing Holdings were up nearly 6% in Thursday trading.

The JV secured the first land parcel in July. The total purchase price for the two land parcels is SG$1.33 billion, according to a Wednesday filing with the Singapore Exchange.

Chuan Grove Pte. will now develop around 1,055 units across five blocks.

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