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An announcement from Thakral Corporation Ltd ( (SG:AWI) ) is now available.
Thakral Corporation Ltd has announced that its Australian associate, GemLife, has received approval to develop a vertical land lease community in Currumbin Waters, Gold Coast. This A$450 million project will be the first of its kind in Australia, offering over-50s a new lifestyle resort model with a variety of housing options. The innovative vertical land lease concept is expected to enhance GemLife’s portfolio and support its long-term growth by providing affordable and flexible housing while securing recurring revenue.
More about Thakral Corporation Ltd
Thakral Corporation Ltd, listed on the SGX Mainboard, is a company involved in various sectors, including real estate. Through its associate, GemLife, Thakral is focused on providing innovative and sustainable real estate solutions, particularly targeting the over-50s lifestyle market in Australia.
YTD Price Performance: 7.58%
Average Trading Volume: 55,791
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$92.71M
For an in-depth examination of AWI stock, go to TipRanks’ Stock Analysis page.
