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Pacific Star Devt to take full control of Puteri Cove project for S$26m

The developer says being the sole owner of Puteri Cove is a requirement under a new S$70m 2-year secured loan facility

Pacific Star will face an outlay of S$26m to buy out Max Treasure Co, the partner in Twin Prosperity Group, which is the holding company of the Puteri Cove project in Malaysia (left).


PACIFIC Star Development (PSD) is buying out its joint venture partner in the Puteri Cove Residences project to facilitate the obtaining of a S$70 million loan facility, the property developer announced late on Monday.

PSD will face an outlay of S$26 million to buy out...

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