

Chiwayland sets up subsidiary to develop Epping land after $24.2 mil acquisition
SINGAPORE (Nov 20): Shanghai-based property group Chiwayland International announced the establishment of a wholly-owned subsidiary, Epping Hillview Pty Ltd, for the purpose of developing the land site which the group had recently acquired in Epping, New South Wales. The 4,422 sqm land is located at 17–25 Epping Road, in Epping, a suburb of Sydney. The land was tendered at a purchase price of A$24.3 million ($24.2 million). The group plans to develop a 90-unit apartment project at this land site.
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