Khazanah subsidiary sells Andaz Singapore for record RM1.4bil

M+S is a 60:40 joint venture between sovereign wealth funds Khazanah Nasional Bhd of Malaysia and Temasek Holdings of Singapore.

SINGAPORE: M+S Pte Ltd has agreed to the sale of all the shares of its wholly owned subsidiary, Ophir-Rochor Hotel Pte Ltd (ORH), to Hoi Hup Realty Pte Ltd for a sale consideration of S$475mil (RM1.4bil), or S$1.39mil per key.

ORH is the developer and owner of the five-star luxury lifestyle hotel, Andaz Singapore, in the city-state.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Andaz Singapore , Khazanah , M+S , hotel , sold , Ophir Rochor Hotel , Hoi Hup , recrod price ,

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