Rumor
Hongkong Land reportedly in talks to buy majority stake in three Orchard Road buildings
The Business Times reports, via Bloomberg, that a deal could involve voco Orchard, Forum mall and HPL House.
TLDR
The Business Times reports, via Bloomberg, that Hongkong Land is in early talks with Ong Beng Seng’s Hotel Properties Ltd to buy a majority stake in three adjacent Orchard Road buildings: voco Orchard, Forum mall and HPL House. People familiar with the matter say talks could end without a deal; a stake sale would likely value the assets at over S$2 billion, though that estimate could change.
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