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Shun Tak acquires its first hotel site in S'pore
Published Mon, May 23, 2016 · 09:50 PM
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Singapore
HONG KONG-LISTED Shun Tak Holdings, a company founded by casino tycoon Stanley Ho, has acquired its first property here for S$145 million.
Its wholly-owned unit Shun Tak Real Estate (Singapore) Pte Ltd has acquired a prime freehold site at 9 Cuscaden Road, belonging to the late Tan Hoon Siang, the great-grandson of famous philanthropist Tan Tock Seng.
The sale price reflects a land rate of about S$2,145 ps…
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