Covid-19 impact 'largely confined' to hospitality ops: Tuan Sing

Singapore

PROPERTY developer Tuan Sing Holdings' business operations impacted by the Covid-19 outbreak are "largely confined" to its hospitality segment, with its diversified portfolio across segments and regions ensuring a "high degree of resilience", said the group in a corporate update late on Saturday.

Its hospitality segment comprises less than 15 per cent of its asset portfolio, with commercial and residential segments forming more than 80 per cent, said the group.