PETALING JAYA: Sunway City Bhd announced on Oct 27 it has signed an MoU with Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC) to develop a project in Tianjin Eco-City with a gross development value (GDV) of RM2.48 billion.

The MoU was signed by the two parties to conduct market research, a feasibility study and business plan over the next six months, after which Sunway City will decide on the feasibility of the project as co-developers.

The second phase of the project will be a mixed-development made up of 88% residential and 12% commercial land use.

The entire development will have 4,753 households and is developed in three phases starting from 2011.

Tianjin Eco-City is a 50:50 joint venture between the Chinese Consortium led by Tianjin TEDA Investment Holding Co and the Singapore Consortium led by Keppel Group.

It is a bilateral project between China and Singapore. Tianjin Eco-City’s start-up area will span 4 sq km and it will have 26,500 households, with residents moving into the area in 2011.

SHARE
SPONSORED CONTENT
Jesselton Courtyard redefines upscale landed living in the heart of Penang

Sited in Jesselton Selatan at Pulau Tikus, it is among the newest home projects in this sought-after affluent neighbourhood characterised by large and lavish homes, such as Kensington Gardens.

read more