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EKOVEST DEVELOPMENT (S) PTE. LTD.
UEN:202040608R
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EKOVEST DEVELOPMENT (S) PTE. LTD. has a TrustScore of 56. Our system is actively collecting and analyzing information about this business. Additional data points are being verified and processed.
Our preliminary analysis has revealed key insights about EKOVEST DEVELOPMENT (S) PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
This was followed by an announcement on Jan 3 on the signing of a shareholders’ agreement with MCC Land and Ekovest Development, a subsidiary of Malaysia-listed construction and engineering firm Ekovest Bhd. The shareholders will jointly develop a new 264-unit condominium, with a 21,528 sq ft retail component, at Tanah Merah Kechil Link. MCC Land will take a 51% stake in the joint venture, while Ekovest and The Place Holdings will hold 29% and 20% respectively.
THE Place Holdings has entered into a shareholders' agreement with MCC Land (Singapore) and Ekovest Development (S) to jointly develop a 99-year lease site in Tanah Merah into a mixed residential development. The land parcel next to Tanah Merah MRT station was acquired by MCC Land for S$248.99 million in November 2020, and can yield 265 condominium units and 2,000 square metres of commercial space. The joint venture company has an issued and paid-up share capital of S$4 million, with The Place Holdings having subscribed for a 20 per cent stake for S$800,000. MCC Land (Singapore) owns a 51 per cent stake; and Ekovest Development (S), 29 per cent.
64202
OTHER HOLDING COMPANIES
REAL ESTATE DEVELOPERS
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