Thakral's (SGX:AWI) associated company, GemLife received an approval to develop an over-50s lifestyle resort in Queensland, Australia for AU$428 million, according to a filing with the Singapore Exchange on Thursday.
The project spans 26 hectares and will include 404 homes with facilities worth around AU$20 million.
Shares of the property developer were up nearly 3% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.