October | 2009 | Lush Dream Home

Posted on 31 Oct 2009 | Comments Off

Man in civil claim also under criminal probe for reported fraud

Mr Chew is said to have taken West Bay’s management and sinking funds meant for upgrading and other works. — ST PHOTO: SHAHRIYA YAHAYA

AN ACCOUNTS clerk was ordered to return some $2.2 million that he took over 18 months from a condominium management office, where he had worked since May 2003.

Mr Chew Swee Siong, 30, did not show up in court to contest the High Court claim brought by the West Bay Condominium management committee. He was served with court papers last month.

The police told The Straits Times yesterday that Mr Chew is also under criminal investigation for the reported fraud.

On Thursday, Assistant Registrar Leong Weng Tat ordered Mr Chew to pay up after having heard earlier from West Bay’s lawyer, Mr Leslie Netto, in the condo’s civil claim. Continue reading →

Frasers plans most aggressive expansion ever

Posted on 31 Oct 2009 | Comments Off

F&N’s hospitality arm to launch 26 projects in next two years alone

CRL general manager Xie Ji (left) sealing the deal with Mr Choe yesterday, at the end of the signing ceremony at which Mrs Lim was the guest-of-honour. — PHOTO: FRASERS HOSPITALITY PTE LTD

Frasers Hospitality is embarking on its most aggressive expansion plan yet, notwithstanding the global downturn that has stung the business clientele it predominantly serves.

The hospitality arm of conglomerate Fraser & Neave is opening 26 new properties over the next two years, but is already looking beyond this number.

Its latest goal is to sign up as many as three times that figure in the coming years, said Frasers Hospitality chief executive officer Choe Peng Sum.

’We are opening up 26 projects, but we are probably looking at double or triple that for new sign-ups going forward,’ he said.

He was speaking at an interview before signing a management contract with landlord China Resources Land (CRL) yesterday to manage Frasers’ fourth service residence in Shanghai. Continue reading →