Hong Realty flipping Suntec office floor for 26% or S$7.6m gross gain
Separately, a deal for six Peck Seah St shophouses is in advanced stages of being stitched, at about S$54m
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Kalpana Rashiwala
Singapore
HONG Realty, a privately held vehicle of the Hong Leong Group, is making a handsome gain from the sale of an office floor at Suntec City which it bought less than two years ago.
The company is selling Level 10 of Suntec Tower One for S$37.1 million to a Singapore-incorporated vehicle controlled by the Hong Kong-based Rosa family, which founded Rosa Securities.
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