Low Keng Huat Wins Big Residential Bid

Low Keng Huat Singapore Ltd (SG:F1E) has released an update.

Low Keng Huat (Singapore) Limited, through its subsidiary Huatland Development, in partnership with Peak Nature, a subsidiary of Kheng Leong Company, has emerged as the top bidder for a residential development land parcel at Canberra Crescent. With a bid of S$279 million, they plan to establish a Joint Venture Company for the development, holding 30% and 70% stakes respectively. Further announcements are expected upon the official awarding of the site.

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