PRESS RELASES

Hospitality assets flipped for 30-70% profit in just months

Darby Park Executive Suites seller pockets S$67 million gain. Royal Group is understood to have sold Darby Park Executive Suites for S$160m, after having the site rezoned from residential to hotel use. –  Business Times ,  Sep 19, 2019 – 5:50 AM

https://www.businesstimes.com.sg/real-estate/two-hospitality-assets-flipped-for-30-70-profit-in-just-months-0

Singapore's Royal Group raises first Islamic financing from RHB

Real estate firm Royal Group has raised its first sharia-compliant financing from RHB Bank Singapore for a S$300 million (US$220.8 million) property, helping widen the range of Islamic finance deals in Southeast Asia’s main financial hub. channelnewsasia ,  11 Jul, 2018 02:49PM 

https://www.channelnewsasia.com/news/business/singapore-s-royal-group-raises-first-islamic-financing-from-rhb-10519850

Singapore to get a second Raffles Hotel 135 years after the original opened its doors

In a joint announcement on Tuesday (June 25), Raffles’ operator Accor Group, and Royal Group, which will build the new hotel, said the all-villa Raffles Sentosa Resort & Spa is set to open in 2022.,  – Today , Jun 25, 2019 

https://www.todayonline.com/singapore-get-second-raffles-hotel-135-years-after-original-opened-its-doors

Singapore's Royal Group sells luxury Sydney hotel to Chinese group for A$140m

Singapore’s Royal Group has entered into an agreement to sell one of its prized assets, the luxury InterContinental Sydney Double Bay, to Zobon Real Estate Group Co and Shanghai United Real Estate for A$140 million (S$144.2 million). –  The Straitstimes,  May 26, 2017 – 11:04 AM

https://www.straitstimes.com/business/companies-markets/singapores-royal-group-sells-luxury-sydney-hotel-to-chinese-group-for 

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