Ascott Raffles Place Singapore Hotel sold for $353.3 million
Contact
Ascott Raffles Place Singapore Hotel sold for $353.3 million
The Ascott Raffles Place Singapore has sold for $353.3 million to private investor Cheong Sim Lam, in a deal brokered by Shaun Poh of Cushman & Wakefield.
-
Cushman & WakefieldAscott Raffles Place Singapore Hotel sold for $353.3 million
Cushman & Wakefield brokered the sale of Ascott Raffles Place Singapore at a sale price of $353.3 million.
The firm’s Capital Markets team led by Shaun Poh, acted on behalf of Ascott Residence Trust Management Limited in the sale to private investor Cheong Sim Lam.
Click here to view The Ascott Raffles Place Singapore website.
Mr Cheong is the son of Cheong Eak Chong, the late real estate tycoon who developed the Hyatt Regency Singapore and Hyatt Regency Hong Kong as well as other prominent projects such as International Plaza, Pacific Mansion, Kum Hing Court, amongst others, in the 1970s.
Mr S L Cheong is the developer of several residential projects including Robinson Suites on Robinson Road and previously owned 137 and 139 Cecil Street.
See also:
Queensland the national standout in 2018, Wayne Bunz CBRE Hotels
