Sing Holdings (SGX:5IC), through its subsidiary, Sing Holdings Residential, and Sunway Developments, secured a land parcel on Chuan Grove in Singapore, awarded by the city-state's Urban Redevelopment Authority, according to a Thursday filing with the Singapore Exchange.
Shares of the company were up nearly 4% in recent trading.
The partners will now form a joint venture company to complete the acquisition and will undertake a residential development on the site.
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