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SingHaiyi Group ropes in builder Kay Lim to develop executive condo at Anchorvale

Published on Mar 14, 2014 8:15 PM

[INGHAIYI Group has roped in Kay Lim Investment as a partner to develop an executive condominium (EC) at Anchorvale.

SingHaiyi won a 12-way contest for the plum plot in Sengkang last month.

Under the tie-up, Kay Lim will acquire a 20 per cent stake in the project company that will build the EC, with SingHaiyi owning the remaining 80 per cent interest.

Kay Lim, a construction company, has also entered into previous joint ventures with SingHaiyi for the development of housing projects in Singapore, such as the Pasir Ris One and CityLife @ Tampines.

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