Property developer Tuan Sing announced today it has entered into a 9:1 joint venture with Habitat Properties to develop a 85-ha site in Batam, Indonesia into an integrated mixed development township.
The site comprises of four plots of land in Marina City, about 45 minutes ferry ride from Singapore Harbourfront Centre.
The township will include the development of hotels, retail, tourist facilities and attractions as well as residential properties. The initial phase of the development consists of a 400-room resort hotel, a 30,000 sqm retail and entertainment zone and about 2000 exclusive residential apartments. Educational and medical facilities may be added in the future.
The project is expected to launch end of next year or early 2018.
Tuan Sing ended 3.3% lower at 29.5 cents on Wednesday.
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The site comprises of four plots of land in Marina City, about 45 minutes ferry ride from Singapore Harbourfront Centre.
The township will include the development of hotels, retail, tourist facilities and attractions as well as residential properties. The initial phase of the development consists of a 400-room resort hotel, a 30,000 sqm retail and entertainment zone and about 2000 exclusive residential apartments. Educational and medical facilities may be added in the future.
The project is expected to launch end of next year or early 2018.
Tuan Sing ended 3.3% lower at 29.5 cents on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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