The mixed-use Quayside Collection on Sentosa Island comprises a 240-room luxury hotel, retail space of 44,121 sq ft and 228 residential units with a net lettable area of 418,682 sq ft that CDL had been struggling to sell.
SINGAPORE (Apr 5): Kwek Leng Beng, executive chairman of City Developments, has his own views on what could make Sentosa an exciting place for a property investor.
In 2014, CDL formed Profit Participation Security (PPS1) from the securitisation of Quayside Collection at $1.5 billion, with partners Blackstone Group and CIMB Bank.
