Why Macau Casino Tycoon Buys Singapore Bungalow Become So Tempting ?

Macau casino tycoon buys Singapore bungalow for RM600mil

Ready for development: An aerial view of the freehold property at No.9, Cuscaden Road in the Orchard Road area.

SINGAPORE: Shun Tak Holdings, a company founded by gambling billionaire Stanley Ho, has made its first foray into the Singapore property market.

It is paying a total of US$145mil (RM600mil) for the property at No. 9, Cuscaden Road, a bungalow put up for sale by the descendants of famous philanthropist Tan Tock Seng.

The sum, one of the highest ever paid for a landed house, works out to about US$2,145 (RM8,825) per square foot per plot ratio for a hotel redevelopment, including development charges.

The 25,741sq ft freehold site is zoned for hotel use with allowable gross plot ratio of 4.2 but could alternatively be used for residential development as well, subject to approval.

Shun Tak said it is at a preliminary stage of planning and will announce further details later.

However, given the company’s expertise in hospitality, a hotel would be a perfect fit for the company, experts said.

Shun Tak is firmly rooted in Macau’s tourism business, with operations including hotels, entertainment attractions, travel consultancies, conventions and exhibitions and transportation.

Pansy Ho, managing director of Shun Tak and Stanley’s daughter, said the firm would capitalise on its strength in hospitality and real estate development and “apply our experience in serving the demands arising from the burgeoning China and Asian markets”.

Ho is also co-chairman and executive director of MGM China Holdings and is said to be Hong Kong’s richest woman.

The Cuscaden Road site was put on sale last month with an asking price of US$160-170mil (RM660-700mil). It was the family home of late businessman Tan Hoon Siang, who headed several rubber companies in Malaysia and was a great-grandson of Tan Tock Seng.

The land parcel was bought by the family in the 1950s.

The house on the site is named Villa Marie, presumably in tribute to Tan’s second wife Marie Windsor who died in 2007. — The Straits Times / Asia News Network

Source | The Star

Note: This piece of property is in CBD area and next to Tanglin Shopping Centre, St Regis Singapore.

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: https://vulcaninternational.blogspot.com .

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Penang | Teluk Kumbar | Platinum III By TPPT For Sale / Rent

Teluk Kumbar township has been enjoying rapid transformation in development with recently completed Bayan Lepas Expressway (BLE Flyover) that connects Second Penang Bridge | Sultan Abdul Halim Mu'adzam Shah Bridge and currently widening of an existing road from Jalan Permatang Damar Laut to Kampung Seronok from two to four lanes, as well as currently work-in-progress of building an elevated highway from Pekan Bayan Lepas to Teluk Kumbar using four-lane. The project is to upgrade the Federal road from Teluk Kumbar to the Penang International Airport and to be completed by August 2017.

Platinum III @ Teluk Kumbar, Penang.

With the infrastructure in place there are mushroom of condominiums coming up. Recent completion of Platinum 3 @ Teluk Kumbar by TPPT nearby Pavilion Resort @ Teluk Kumbar with units for sale and rent. It has three tower as the Platinum III name implied with 6 units per floor serving by 3 lifts. 

We've unit with build up of 1,230 sq ft to rent and for sale.

Platinum III's swimming pool and workout gym equipments (background).

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | http://vulcaninternational.blogspot.com 

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

3 Benefits When You Are In Secure Site | HTTPS | Now You Are In Secured Website

If you going to read one article about secured website, read this one.

You are in secured website. At VULCAN INTERNATIONAL Real Estate Investors Club, we value your security as you're our valued reader and customer. The level of security is similar to the banking transactions encryption that you used to.

https denotes hyper text transfer protocol secure

With the secured website you will notice that there's a lock image on URL locator after a website is fully loaded. In the event if you encounter any unsupported images in https (denotes as hyper text transfer protocol secure) , please email: Vulcan.Lau@gmail.com. We'll get it rectify.

You can access this website as usual by typing:

http://vulcaninternational.blogspot.com and it will redirect to https:// (secured website), there is a lock image at URL locator. Existing links and bookmarks to this blog will continue to work.

Benefits of https:There are three main benefits to using HTTPS over HTTP to access your blog:

1. It helps check that your visitors open the correct website and aren’t being redirected to a malicious site.
2. It helps detect if an attacker tries to change any data sent from Blogger to the visitor.
3. It adds security measures that make it harder for other people to listen to your visitors’ conversations, track their activities, or steal their information.

When you enable HTTPS, visitors can access the encrypted version of your blog by typing https://<your-blog>.blogspot.com.

What is HTTPS and how does it work?

HTTPS (Hypertext Transfer Protocol Secure) is an internet communication protocol that protects the integrity and confidentiality of your users' data between the user's computer and the site. For example, when a user enters data into a form on your site in order to subscribe to updates or purchase a product, HTTPS protects that user's personal information between the user and the site. Users expect a secure online experience when providing data via a website. We encourage you to adopt HTTPS in order to protect your users' connection to your website.

Data sent using HTTPS is secured via Transport Layer Security protocol (TLS), which provides three key layers of protection:

1. Encryption—encrypting the exchanged data to keep it secure from eavesdroppers. That means that while the user is browsing a website, nobody can "listen" to their conversations, track their activities across multiple pages, or steal their information.
2. Data integrity—data cannot be modified or corrupted during transfer, intentionally or otherwise, without being detected.
3. Authentication—proves that your users communicate with the intended website. It protects against man-in-the-middle attacks and builds user trust, which translates into other business benefits.

Source | Google

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.

Arena Curve Shoplot | Commercial Property For Rent / Sale

With rapid development on the last few plots of land at Bandar Bayan Baru, Penang and integration with Penang Transport Master Plan (PTMP) nearby, the demand for commercial shop lots have been growing in tandem.

One of the latest development by developer Golden Virtue Capital Sdn Bhd has been completed with it showcased Arena Residences Penang which comprises of 19-storey condominium block of 114 units of freehold tenure and Arena Curve Commercial shoplots with the retail podium of 87 units which comprises of two-storey and three-storey shop lots. 

Subterranean Penang International Conference and Exhibition Centre (SPICE) and its aquatic centre

The Arena is situated at Jalan Mahsuri, Bayan Lepas and is a stone's throw away to Subterranean Penang International Conference and Exhibition Centre (SPICE), Olive Tree Hotel and Olive Tree Residences, nearby Penang Free Industrial Zone (FIZ), Penang International Airport and township of Sungai Ara.

We've 3-storey Arena Curve Commercial Shoplot with build up of 1,100 sq ft per floor to rent or for sale. The unit is opposite Olive Tree Residences.

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | http://vulcaninternational.blogspot.com 

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

Case Study | Suria KLCC | Court Strikes Out BritishIndia Suit

Clothing company loses bid to challenge eviction from Suria KLCC

• The Star Malaysia
 
• March 18, 2016

Suria KLCC

KUALA LUMPUR: Home-grown fashion brand BritishIndia may be required to pay nearly RM7mil in rent, after failing in its bid to challenge its eviction from Suria KLCC [Suria Kuala Lumpur City Centre].

The High Court dismissed a suit by the boutique's owner BTC Clothier Sdn Bhd to continue operating in the prime location, finding that the termination of its tenancy was legal.

High Court judge Justice Nor Bee Ariffin ruled in favour of defendant Suria KLCC Sdn Bhd, saying the clothing company had breached its terms of tenancy by not vacating the premises after the mall chose not to renew its tenancy past July 2014.

The judge also allowed Suria KLCC's counter claim – to be paid double-rental for the 20 months BritishIndia continued to operate.

According to court papers sighted by The Star, the rent for BritishIndia’s store at Lots 111A & 111B on the first floor was RM151,679 a month as of 2014.

Suria KLCC’s lead counsel Tan Sri Cecil Abraham told the court that by his calculations, his client was owed around RM6.7mil in back-rental.

The court also ordered payment of 5% interest per annum on the amount, plus RM100,000 in costs.

BTC Clothier's lawyer Khong Jo Ee was denied her verbal application for a stay of execution pending an appeal of the decision, and was instructed to submit a written application instead.

The tenancy battle began in May 28, 2014, when the mall management informed that it did not intend to renew BritishIndia's tenancy, and subsequently sent a letter of termination dated July 4.

BTC Clothier fired back with a suit on July 7, seeking a declaration that a tenancy subsists between the company and KLCC, and that KLCC had unlawfully terminated the tenancy agreement.

It also claimed Suria KLCC ordered that BritishIndia unconditionally accept the terms of offer to relocate to the second floor or have its premises boarded up.

The clothing company was one of the original tenants, renting the premises for 16 years.

In its counter claim, Suria KLCC stated that their tenancy agreement, which expired on June 30 2014, gave BritishIndia no option to renew.

It contended that since the tenancy had expired, there was nothing unlawful about boarding up the space and it was BritishIndia that had failed to yield vacant possession of the premises.

Suria KLCC claimed it had no desire to keep BritishIndia as a tenant, and that the offer to relocate was merely to give it an opportunity to continue doing business.

Source | The Star

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.