SUBSCRIBERS
With 2 Singapore hotels in the bag, Hoi Hup aims for local portfolio
Despite S$475m tag, company's chairman made a fast decision to pick up the 5-star Andaz hotel
Published Wed, Oct 16, 2019 · 09:50 PM
Singapore
THE price tag was almost half a billion dollars - a new record - but Hoi Hup Realty did not dither when offered the Andaz Singapore hotel in the Rochor area.
"My chairman, Wong Swee Chun, went to see the place and really liked the hotel, so the deal went through quite quickly," said Hoi Hup general manager Koon Wai Leong.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%