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FINWIRES

Wing Tai Consortium Wins Tender for Dunearn Road Site

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Wing Tai (SGX:W05) subsidiary Winrich Investment and Metrobilt Construction were jointly awarded the tender by Singapore's Urban Redevelopment Authority for a leasehold land parcel located at Dunearn Road, according to a Monday filing with the Singapore Exchange.

The site area is approximately 19,046 square meters and has a tender price of SG$533 million.

Following the award, Winrich and Metrobilt will enter into a joint venture to develop the land for residential and commercial use, the filing stataed.

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