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Tag Archives: Raffles

Ascott Reit sells Raffles Place property for S$134m net gain

Thu, Jan 10, 2019 – 5:50 AM Singapore 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. ...

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Cheong Sim Lam buys Ascott Raffles Place Singapore for S$353.3 million

Wed, Jan 09, 2019 – 6:27 PM PRIVATE investor Cheong Sim Lam, whose family developed International Plaza and the Hyatt Regency Singapore, has acquired Ascott Reit’s Ascott Raffles Place Singapore for S$ 353.3 million. The 20-storey conserved building with 146 serviced apartments is located at 2 Finlayson Green, and has a 999-year lease. Mr Cheong developed several residential projects … The Business Times

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One Raffles Place Shopping Mall gets facelift

Singapore OUE Commercial Reit announced on Wednesday that its portfolio property, One Raffles Place Shopping Mall, will undergo asset enhancement initiatives in mid-2018 as part of efforts to revitalise the mall with a “more diverse and dynamic tenant mix”. The enhancements include … The Business Times

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Raffles looks to suite life as part of revamp

Singapore SINGAPORE’S Grand Dame, The Raffles Hotel, will introduce more suites and additional suite categories as it aims to attract a new segment of travellers. The iconic hotel, which is currently undergoing restoration, will see the total number of suites go up from 103 to 115 Let’s block ads! (Why?) … The Business Times

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