Thu, Jan 10, 2019 – 5:50 AM
PRIVATE investor Cheong Sim Lam, whose family developed International Plaza and the Hyatt Regency Singapore, snapped up Ascott Reit’s serviced apartment building Ascott Raffles Place Singapore for S$ 353.3 million.
The sale price is some 64.3 per cent above the property’s latest valuation of S$ 215 million as at Dec 31 2018. After accounting for transaction related ex…
The Business Times