SINGAPORE: Hongkong Land Holdings Ltd is in discussions with Ong Beng Seng’s Hotel Properties Ltd to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter.
A potential deal could involve the developer, controlled by Hong Kong’s Jardine Matheson Holdings Ltd, investing in the three adjacent properties earmarked for development, according to the people, who did not want their identity disclosed.
