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CityDev and partner sign JV to acquire Sumang Walk land for $509 mil and build EC after winning bid

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CityDev and partner sign JV to acquire Sumang Walk land for $509 mil and build EC after winning bid

Samantha Chiew Published on Thu, Mar 08, 2018 / 6:13 PM GMT+8

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SINGAPORE (Mar 8): City Developments (CDL) says subsidiary CDL Constellation will now enter into a JV agreement TID Residential (TIDR).

This comes after HDB on Wednesday officially awarded the Sumang Walk property to the two parties.

TIDR is a subsidiary of Hong Leong Holdings (HLH) and Hong Leong Investment Holdings (HLIH) is the ultimate holding company of HLH. And HLH and HLIH are also controlling shareholders of CDL.

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