SunCity told Bursa Malaysia yesterday that SCS had signed an equity joint-venture (EJV) contract with Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC) to set up a joint-venture firm for developing 27.96ha in the township.
“The preliminary feasibility study of the proposed development features mixed residential and commercial development complemented by integrated and high quality amenities,” it added.
SunCity said the proposed development would span five years with the earliest start in March 2011 and an expected completion in mid-2015.
SCS will be the majority shareholder of the EJV company.
SSTEC, the master developer for the Tianjin Eco-City, is a 50:50 joint venture between a Chinese consortium led by Tianjin TEDA Investment Holding Co Ltd and a Singapore consortium led by the Keppel group.
By The Star
