Sing Holdings JV Secures Second Site at Chuan Grove, Singapore; Shares Up 6%
MT Newswires
Sep 11, 2025
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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