Gaw Capital to spruce up, reposition Big Hotel

Singapore

HONG Kong-based Gaw Capital Partners, which earlier this week completed its maiden Singapore acquisition - Big Hotel along Middle Road - will refurbish the property and rebrand it.

The private equity group is also keen to invest in Singapore's high-end residential sector, which has seen price softness, and is open to making bulk purchases "at the right price", said Imelda Tham, senior investment director at Gaw Capital, in an interview with The Business Times on Friday.

"We're keeping an eye on the residential market. It is not going to be easy because of the 15 per cent ABSD (additional buyer's stamp duty), but we're looking and hopefully we'l…