SUTL unit partners UEM Sunrise to build Puteri Harbour marinas
Total investment cost is around S$66.6m in cash and in kind, with SUTL's commitment at about S$40m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ELECTRONICS distributor-turned-marina developer SUTL Enterprise on Monday said its unit has agreed to set up, fund and run a joint venture firm with Khazanah's UEM Sunrise to develop the existing marinas in Puteri Harbour of Iskandar Puteri in Malaysia.
The project will comprise three marinas at Puteri Harbour, including the development of two new private marinas and the expansion of the existing public marina.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
