Perennial-led JV wins tender for Yunnan development with 341.5m yuan bid
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Singapore
PERENNIAL Real Estate Holdings, through its 45 per cent owned joint venture (JV) vehicle Perennial HC Holdings, has won the tender to develop two plots of land next to the Kunming South High Speed Railway (HSR) in Yunnan, China, at a land tender price of 341.5 million yuan (about S$67.6 million).
The Kunming South HSR Integrated Development is expected to comprise a general hospital, eldercare apartments and commercial apartments for long-term lease, as well as retail components and a cluster of hotels.
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