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Place Holdings Limited ( (SG:E27) ) has issued an announcement.
The Place Holdings Limited has entered into a cooperation agreement with Beijing Shengda Hengxin Technology Development Co., Ltd and Hank Tod Consulting Ltd for the CITIC Capital Hongting Villa Project in Beijing’s Chaoyang District. This project involves a significant property investment with a planned development area exceeding 100,000 square meters and over 400 residential units. The agreement outlines a six-year cooperation with BSHTD leading the investment and restructuring, while The Place Holdings will invest SGD 10 million. The project promises a fixed return of 4% per annum within two years and total returns of at least 12% after completion. This strategic partnership is expected to provide recurring income and support operational cash flow for The Place Holdings.
More about Place Holdings Limited
The Place Holdings Limited, incorporated in Singapore, operates in the property development and investment industry. The company primarily focuses on direct investments in property investment projects.
Current Market Cap: S$29.4M
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