Sophia Commercial is the joint venture company (JVCo) established for the development of the commercial component of the property. Sophia Residential is another JVCo that was established for the development of the residential component of the property.
Chip Eng Seng (SGX:C29
) has entered into several agreements with Sing-Haiyi Crystal Pte. Ltd. and Ultra Infinity Pte. Ltd., as well as Sophia Commercial Pte. Ltd. to redevelop Peace Centre and Peace Mansion.
Sing-Haiyi Crystal Pte. Ltd. is owned by SingHaiyi Group and Haiyi Holdings. Ultra Infinity Pte. Ltd. is owned by KSH Holdings (SGX:ER0) subsidiary KSH Premier Investments, SLB Development (SGX:1J0) and Ho Lee Group.
