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GuocoLand's EcoWorld enters option to buy Sydney residences

Published Fri, Nov 24, 2017 · 09:50 PM

Singapore

GUOCOLAND'S Malaysia-listed unit, EcoWorld International, has entered into an option agreement that will allow it to buy 25 out of 30 strata units in a Sydney site for A$33.8 million (S$34.7 million).

EcoWorld has until Sept 7, 2018, to exercise its option to purchase.

If it does not exercise the option by that date, the owners of the 25 apartments have 30 days to force EcoWorld to b…

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