Malaysian Tycoon Jeffrey Cheah’s Sunway, Partner Win Singapore Housing Site With $277 Million Bid

Jeffrey Cheah, founder and chairman of Sunway Courtesy of Sunway Sunway—controlled by billionaire Jeffrey Cheah—and its partner Hoi Hup Realty won the auction for a residential property in western Singapore with their bid of S$371 million ($277 million), adding to signs the housing market in the city-state is heating up.…