BlackRock, tycoon-backed YTL set to buy Singapore serviced apartments

Quick Summary:

BlackRock Inc.and the hotel unit of Malaysian developer YTL Corp.are set to purchase a group of serviced apartments in a prime office building in Singapore’s Central Business District, according to people familiar with the matter.

The developer, founded by the late billionaire Yeoh Tiong Lay, also has interests in sectors including utilities and building materials.

YTL operates hotels in places including Japan’s Niseko, Australia and the Ritz-Carlton in Kuala Lumpur.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaHong KongJapanSingapore

Topics: YTL Corp /Business/Business News Citadines Raffles Place Blackrock YTL Hotels Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 17:55:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22951496

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Official Website: thestar.com.my

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