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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