Genting Singapore broke ground for its new hotel in Jurong on Thursday. Slated to open in the first half of 2015, the new development is set to be the first hotel to open in the Jurong Lake District. This comes after the Urban Redevelopment Authority identified the district as a new growth area with commercial, business and leisure facilities. The 550-room hotel will be the seventh hospitality...
Genting
Genting Singapore said its wholly-owned subsidiary Resorts World Properties has agreed to buy the Singapore Technologies Building from Singapore Technologies Holdings for S$146 million. The freehold 13-storey office building is located at Lim Teck Kim Road and has an existing gross floor area of 128,600 square feet. The property has an approved plot ratio of 6.6 and sits on a site area of around 1,800...
Genting Berhad is on track to open the 'Resorts World at Sentosa' in Singapore by early January 2010, said its chairman and chief executive Lim Kok Thay. Bernama news agency quoted Mr Lim as saying the project, which cost S$6.6 billion, would attract 12 to 13 million visitors in the first full year of operation. "Construction is going on smoothly. We are targeting to open it by early January 2010," he...
Resorts World at Sentosa has secured S$4 billion in credit facilities for its integrated resort development. The credit facilities would fund two-thirds of the company's projected cost of S$6 billion. The rest of the funds will come through a rights issue by Genting International, the parent of Resorts World. DBS and OCBC are among five local and international banks which will underwrite, bookrun and...