KUALA LUMPUR (Oct 9): M+S, a 60:40 joint venture between Khazanah Nasional and Temasek Holdings, is selling its wholly-owned subsidiary, Ophir-Rochor Hotel (ORH), to property developer Hoi Hup Realty for $475 million (RM1.44 billion) or $1.39 million per key.

The proposed transaction marks the highest price ever achieved for a stand-alone hotel transaction in Singapore, and the third highest price achieved this year in Asia.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook