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Malaysian tycoon, Jeffrey Cheah, wins Singapore housing site bid worth $277 million

Economy will gradually recover as the late cycle of the pandemic.
Malaysian tycoon, Jeffrey Cheah, wins Singapore housing site bid worth $277 million 61

Sunway Group and its partner Hoi Hup Realty has won an auction for a residential property site located in western Singapore.

The site, also known as Flynn Park, was won in a bid worth US$277 million, and comes with an existing 72-unit residential condominium on a land area the size of 19,364-square meters.

Malaysian tycoon, Jeffrey Cheah, wins Singapore housing site bid worth $277 million 62
Snway City, Malaysia

Both parties are planning to develop a premium residential building on the site of Flynn Park, eyeing the rare hill side plot that offers a panoramic view to the South.

Housing demand in Singapore is gradually heating up as the economy is gradually expected to recover once the global pandemic comes to an end.

Wilfred Tan
Former journalist cum editor. I lead the content creation process at News Asia Today. From the awesome country of Malaysia.