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Khazanah-Temasek JV to sell Singapore hotel for record price

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Syndicated News
Written by Syndicated News

KUALA LUMPUR — Oct. 8, 2019: Khazanah Nasional’s 60 per cent-owned subsidiary M+S Pte. Ltd. is selling its five-star hotel Andaz Singapore to Hoi Hup Realty Pte. Ltd. for S$475 million (about RM1.44 billion) — the highest price ever for a standalone hotel transaction in Singapore.

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Syndicated News

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