Billionaire Jeffrey Cheahs Sunway MCL, Partner Offer Top Bid Of $581 Million For Prime Singapore Site

Image for article Billionaire Jeffrey Cheahs Sunway MCL, Partner Offer Top Bid Of $581 Million For Prime Singapore Site
News Source : Forbes

News Summary

  • Singapore-based developer Sunway MCL and China's CSC Land Group placed the highest bid for a prime residential site.
  • The partners offered S$751 million ($581 million) for a 99-year leasehold residential site at River Valley Green.
  • The bid for the 123,957 square feet (11,516 square-meter) site is about 22% premium to the price paid by Malaysian billionaire Quek Leng Chan’s Guocoland in February 2025 for an adjacent plot.
Jeffrey Cheah, founder and executive chairman of Sunway.

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