50:50 Joint Venture for Revamped Sun Plaza

Two Singapore-based companies Koh Brothers Group and Heeton Holdings has announced the revamp of Sun Plaza last 17 Aug, following the asset enhancement drive worth S$33-million which started in November 2013.

The Koh Brothers Group and Heeton Holdings partnership is a 50:50 joint venture. Sun Plaza is a 6-storey shopping Malls in Sembawang located close to Proxima @ Gambas Industrial, offering an approximately 158,000 sq ft net lettable area after the additional 5,772 sq ft from the trimmings and alterations works.

The enhancement of Sun Plaza includes the conversion of the basement one into a street of food and the construction of level 4 and 5 for the new training hub which presently houses different educational offerings.

According to the report, Sun Plaza has reached a nearly full occupancy ahead to the revamped. Anchor tenants include National Library Board, Kopitiam and NTUC Fairprice.

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