50 per cent stake in retail portion of Malacca Centre in Raffles Place also transacted INVESTMENT sales of property have been gathering momentum in the private sector, with several deals inked recently. They include the Park Regis hotel at New Market Street/Merchant Road near the Singapore River, which is said to have been sold for $218 million to Indonesian mining magnate Yusuf Merukh. Separately, a 50...
Chow House
Nine properties belonging to three companies that are under liquidation have been put up for sale by public tender. They were made available after the High Court of Singapore ordered their owning solvent family companies - Associated Development, Chow Cho Poon and Lee Tung Company - to wind up and liquidate in 2007. The liquidator, Mr Tam Chee Chong of Deloitte & Touche LLP, has appointed property...