Close to 70% of the portfolio value is derived from three assets – Yotel Singapore and International Building in Orchard Road and the office block at The Concourse.
SINGAPORE (Dec 1): DBS Research says investors should take another look at Hong Fok Corporation, the owner, developer and investor of prime commercial assets in Singapore.
Hong Fok has a sizeable investment portfolio valued at $2.6 billion at end 3Q17 which serves as a steady source of recurring income of $50.8 million p.a. on average over the past three years.
