hotel operations

Finance expenses also increased 14% to $29.0 million on higher interest expenses on borrowings for the Avenue South Residence development and for the acquisition of shares in Marina Centre Holdings and Aquamarina Hotel. 

SINGAPORE (March 27): Real estate developer TEE Land has reported a 95.1% decline in 3Q17 earnings to $0.66 million from $1.34 million a year ago on higher cost of sales and lower margins.