KUALA LUMPUR (Sept 12): Sunway Bhd’s indirectly-owned joint venture company Tianjin Eco-City Sunway Property Development Co Ltd has submitted a winning bid of RMB438 million (about RM257.78 milllion) to acquire a parcel of land in Tianjin, China.

In a bourse filing today, the group said it plans to embark on a residential development on the land — which measures about 27,712.5 sq m (6.85 acres) — named Sunway Garden Phase 3 which consists of seven blocks of condominiums.