The two will form joint venture companies in Singapore to acquire and develop the land parcel, which is a development expected to comprise residential units with complementary commercial components.
Wee Hur Holdings’ subsidiary has been awarded the tender for the land parcel at Upper Thomson Road by the URA at a sale price of $614 million.
Wee Hur’s subsidiary, Wee Hur Property, was awarded the tender together with GSC Holdings. The land parcel has a lease term of 99 years.
