Tag Archives: The Ritz-Carlton Residences

Lian Beng Group bags $112.7m contract to build The Gale Lian Beng Group bags $112.7m contract to build The Gale

Posted on 27 Oct 2009 | Comments Off on Lian Beng Group bags $112.7m contract to build The Gale Lian Beng Group bags $112.7m contract to build The Gale

Builder Lian Beng Group has bagged a $112.7 million contract for the construction of The Gale, a freehold condominium development located on Flora Road.

The design-and-build contract was awarded by Tripartite Developers and covers the construction of 329 apartment units within nine eight-storey blocks, together with a basement carpark, clubhouse, swimming pool and other communal facilities. Work on the development is expected to commence in November 2009 and be completed by November 2012.

Ong Pang Aik, Managing Director of Lian Beng, said, “We are excited to be able to work with Tripartite Developers on the construction of The Gale, the design of which received the Green Mark Gold Award from the Building and Construction Authority. As an environmentally conscious builder, we also look forward to supporting Tripartite towards fulfilling the stipulated criteria for the award.”

Securing the contract for The Gale is a timely development for Lian Beng. The group has recently completed the construction of Ferraria Park, which is situated on an adjoining plot, thus minimising the resources required for the initial setup at the new worksite. Continue reading →

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KOP sails from property to yachts

Posted on 29 Sep 2009 | Comments Off on KOP sails from property to yachts

LUXURY property firm KOP Group is expanding its presence from land to sea, having snagged exclusive distribution rights for the Princess brand of yachts in Singapore and most parts of China.

Cruising along: Princess Yachts Asia and Aqua Voyage can provide yacht owners with comprehensive services, says Ms Ong

Princess Yachts Asia – a 40:60 tie-up between KOP and Reignwood Group – will start off with four Princess yachts for sale or lease. The joint venture plans to grow its fleet to around 20 yachts, and will invest up to $48 million in the next 12 months.

China-based Reignwood has various businesses across the property, recreation and beverage sectors. Princess Yachts Asia’s distribution rights will not extend to Hong Kong and Zhejiang province.

KOP is largely known for its prime residential projects – The Ritz-Carlton Residences and The Hamilton Scotts. It also owns Franklyn Hotels and Resorts, a hotel management company. The new nautical business fits well with the group’s existing portfolio given its ’strength in building the ultimate lifestyle experience,’ says CEO Ong Chih Ching.

The price of a V class Princess sports yacht can start from $850,000. In June last year, luxury goods giant LVMH acquired the boat maker Princess Yachts International for around £200 million (S$450.3 million). Continue reading →

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