Realty Digest: AmProp, ParkCity Property opt for JV with separate companies

A laborer walks in front of a CapitaLand logo at a construction site in Singapore. Photographer: Charles Pertwee/Getty Images

Malaysia’s investment holding firm AmProp Properties established a joint venture with Singapore-based SRIF, along with an endowment fund to buy a property unit in Singapore, valued at $289.7 million. Meanwhile, in a separate development, Malaysia-based property developer ParkCity Property is getting into a joint venture with Singapore’s CapitaLand to build a condominium in Kuala Lumpur.

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