Category Archives: General

Factory cluster, aviation centre to rise at Seletar

Posted on 24 Aug 2009 | Comments Off on Factory cluster, aviation centre to rise at Seletar

A CLUSTER of factories and a $14 million, seven-storey building will be erected at the Seletar Aerospace park to house companies now operating mainly out of old hangars.

The new facilities will be ready by 2011.

As part of the development of the area, JTC Corp is also planning to build what it calls a ‘general aviation centre’ for private jet operators and flying clubs at Seletar Camp.

Its director for the aerospace sector, Ms Tang Wai Yee, said during a media briefing on Friday that a 2.6ha site had been earmarked for the purpose.

The plan is for affected companies, such as Executive Jets Asia, Flying Doctors Asia and the Republic of Singapore Flying Club, to share Continue reading →

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Park Hotel plans listing in 2011

Posted on 24 Aug 2009 | Comments Off on Park Hotel plans listing in 2011

SINGAPORE-BASED Park Hotel Group has set its sights on listing in 2011, just in time for its 50th anniversary, although it is still mulling over the details.

‘We’re planning to list in 2011 either in Singapore or Hong Kong. We have to study the different criteria and policies the two stock exchanges are offering,’ director Allen Law told BT in an interview.

One issue that the group is still undecided on is whether to list as an equity or as a real estate investment trust (Reit). Other factors, such as how best to mitigate foreign exchange risk, will also come into play.

‘Looking at our portfolio, Singapore . . . contributes almost 40 per cent of our total revenue. In terms of trying to manage foreign exchange risk, Singapore would be a better choice,’ he pointed out, but then went on to add that Hong Kong offers better interest rates. Continue reading →

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