News

2021

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Tuan Sing banks on building ecosystems
13 Sept 2021 | Business Times
Whether its at home and abroad, Tuan Sing Holdings adopts fostering ecosystem on mixed-use concepts to realise the potential of our developments and its portfolios.
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Tuan Sing banks on building ecosystems
13 Sept 2021 | Business Times
Whether its at home and abroad, Tuan Sing Holdings adopts fostering ecosystem on mixed-use concepts to realise the potential of our developments and its portfolios.
Click to read more.

Tuan Sing Holdings wins tender for prime freehold site at Dunearn Road for $56 mil
19 Aug 2021 | The Edge Singapore
Mainboard-listed Tuan Sing Holdings has, through its wholly-owned subsidiary Gerbera, been awarded a private tender for a freehold site on 870 Dunearn Road on Aug 18 for a purchase price of $56 million.
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Tuan Sing snags freehold site at Dunearn Road for $56 million 
19 Aug 2021 | Straits Times
Mainboard-listed Tuan Sing Holdings has secured a tender for a prime freehold site at Dunearn Road for S$56 million.
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Tuan Sing bags S$56m tender for freehold site at Dunearn Road 
18 Aug 2021 | Business Times
Mainboard-listed Tuan Sing Holdings has secured a tender for a prime freehold site at Dunearn Road for S$56 million.
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The Pinnacle of Luxury Living at Peak Residence 
10 Aug 2021 | Portfolio Magazine
Exclusivity, convenience, and location come together at Peak Residence.
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Opus Bay, a new township paradise in Indonesia that sets apart from the rest.
10 Aug 2021 | Indonesia Expat
This integrated township is located next to the Waterfront Ferry Terminal in Batam, surrounded by lush greenery and fronted by a spectacular seafront view. It will serve Singapore residents as a home away from home and a chance to escape the hustle and bustle of the mainland and indulge in urban resort-style waterfront living.
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Despite Covid-19 challenges, earnings of Tuan Sing Holdings surged 15-fold to $100.7 million in 1HFY21 ended June
6 Aug 2021 | The Edge Singapore
The group also recorded a higher share of results of equity accounted investees of $17.0 million in 1H2FY21 from $14.3 million in 1H2FY20.
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Luxury homes: Peak Residence is redefining bespoke living | The Peak Singapore – Your Guide to The Finer Things in Life
2 Aug 2021 | The Peak Magazine
Read about why Peak Residence is a sought after address, desired by the discerning.
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Property spotlight: Opus Bay, a new township in Batam with residential, hospitality, entertainment and business offerings
29 June 2021 | Prestige
In the near future, just a 40min ferry ride will take you to a new and stunning township in Batam that is modelled as an upscale lifestyle destination.
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Potential listing of GulTech Jiangsu may double up Tuan Sing Holdings market cap
24 June 2021 | Straits Times
It estimates a $700 million valuation for GulTech, based on 11 times 2021 financial year forward price-earnings (PE) multiple.
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Opus Bay Batam, Indonesia
14 June 2021 | Fab! Luxe
Read all about an exclusive intimate interview with James Ong, our Senior Vice President for Sales, Leasing & Marketing who shared about the concept of Opus Bay and its exciting development progress.
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传慎控股:房产投资新视野
10 May 2021 | Fortune Times (Chinese publication)
导语:普华永道(PwC)今年初发布了《2021年亚太区房地产市场新兴趋势报告》,在2021年城市投资前景排名中,新加坡位列第一,再次蝉联亚太房产投资首选。
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Opus Bay Integrated Township Is Launched In Batam, Will Feature Resort-Style Luxury Housing With Seafront Views
5 May 2021 | The Smart Local Indonesia
Batam in the Riau Islands has been one of Indonesia’s most hyped investment hubs for years, and the hype will likely continue with the development of the Opus Bay integrated township on the island.
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Brokers’ take: DBS sees good value in Tuan Sing, raises target price
5 May 2021 | Business Times
DBS Group Research has maintained its “buy” call on real estate company Tuan Sing Holdings, raising its target price to S$0.54, from S$0.46 previously.
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Tuan Sing sells 13% stake in Gultech China at RMB3.35 bil valuation, mulling IPO
2 May 2021 | The Edge Singapore
Tuan Sing Holdings has sold a 13% stake in indirectly-held associate Gultech (Jiangsu) Electronics for RMB435 million. On top of this transaction, Tuan Sing is weighing a potential IPO of Gultech in China.
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Batam’s Opus Bay ‘smart city’ an events and incentives draw
16 April 2021 | MC Asia
Sitting at the southern part of Batam, the mixed-use development will offer residential, retail, entertainment, healthcare and business facilities, which property developer Tuan Sing Holdings will market as a tourism and hospitality destination.
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Decade-long Batam township project marks Tuan Sing’s magnum opus in Indonesia
16 April 2021 | Edge Prop
The masterplan architect for Opus Bay, billed as a fully integrated township development, is US-based architectural firm Kohn Pedersen Fox Associates, which is internationally recognised for its expertise in large-scale masterplan projects.
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传慎控股于巴淡岛开发的御景湾项目正式启动 
15 April 2021 | Fortune Times (Chinese publication)
(2021年4月15日,新加坡)传慎控股(Tuan Sing Holdings)近日宣布已正式启动御景湾(Opus Bay)房地产项目的第一阶段,该项目位于印度尼西亚巴淡岛,占地面积超过125公顷。该项目是传慎控股在印度尼西亚的首个市镇发展项目,并将在未来几年内按阶段启动。
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Say hello to Batam’s newest ‘resort living’ project, Opus Bay
14 April 2021 | Travel Weekly Asia
Batam has always been a favoured weekend getaway option for Singaporeans, who can look to stay at their own “resort living” homes within the new township project of Opus Bay as soon as 2023.
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Opus Bay, Kota Mandiri Terintegrasi Pertama di Batam
14 April 2021 | Ibukotakini (Bahasa publication)
Batam (sijori.id) – Tuan Sing Holdings Limited, perusahaan investasi yang memiliki berbagai bisnis di bidang properti, investasi dan perhotelan, pada hari ini mengumumkan peluncuran tahap pertama Opus Bay, kota mandiri terintegrasi dengan luas lebih dari 125 hektar, di Batam.
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Opus Bay, Kota Mandiri Terintegrasi Pertama di Batam
14 April 2021 | Sijori
Batam (sijori.id) – Tuan Sing Holdings Limited, perusahaan investasi yang memiliki berbagai bisnis di bidang properti, investasi dan perhotelan, pada hari ini mengumumkan peluncuran tahap pertama Opus Bay, kota mandiri terintegrasi dengan luas lebih dari 125 hektar, di Batam.
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Opus Bay Integrated Township Is Launched In Batam, Will Feature Resort-Style Luxury Housing With Seafront Views
13 April 2021 | The Smart Local
Batam in the Riau Islands has been one of Indonesia’s most hyped investment hubs for years, and the hype will likely continue with the development of the Opus Bay integrated township on the island.
Click to read more.

Opus Bay Tahap Pertama, Kota Mandiri Terintegrasi
13 April 2021 | Batampos (Bahasa publication)
Batampos.id – Tuan Sing Holdings Limited, perusahaan investasi yang memiliki berbagai bisnis di bidang properti, investasi dan perhotelan, mengumumkan peluncuran tahap pertama Opus Bay, kota mandiri terintegrasi dengan luas lebih dari 125 hektar di Batam.
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Opus Bay Integrated Township Is Launched In Batam, Will Feature Resort-Style Luxury Housing With Seafront Views
12 April 2021 | The Smart Local Indonesia
Batam is going to look very different in a few years’ time, as the Opus Bay township pops up just 40 minutes away from Singapore.
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Tuan Sing Holdings Singapura Garap Proyek Kota Mandiri Opus Bay di Batam 
12 April 2021 | Batam News (Bahasa publication)
Batam, Batamnews – Pulau Batam masih menarik minat perusahaan Singapura untuk mengembangkan bisnis properti. Opus Bay tahap pertama menjadi buktinya.
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A home away from home? A new Batam integrated township has launched
11 April 2021 | Channelnewsasia
Spanning 125 hectares on the eastern edge of Batam, Opus Bay will comprise residential, retail, entertainment, business and healthcare facilities. The first phase, comprising luxury villas and high-rise apartments, has been launched.
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Opus Bay, Kawasan Mewah, Harga Terjangkau
10 April 2021 | Batamekspres (Bahasa publication)
Batamekspres.id, Batam – Tuan Sing Holdings Limited, perusahaan investasi yang memiliki berbagai bisnis di bidang properti, investasi dan perhotelan, pada Jumat, 9 April 2021 meluncurkan tahap pertama Opus Bay, kota mandiri terintegrasi dengan luas lebih dari 125 hektare di Batam.
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Opus Bay Ramaikan Pasar Hotel dan Apartemen di Batam 
9 April 2021 | Gokepri (Bahasa publication)
Batam (Gokepri.com) – Korporasi real estate asal Singapura Tuan Sing Holdings meluncurkan tahap pertama proyek properti Opus Bay di Kota Batam. Menawarkan hunian apartemen dan hotel di tepi pantai kawasan Marina.
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Tuan Sing Holdings Luncurkan Opus Bay Tahap Pertama
9 April 2021 | Barakata (Bahasa publication)
Barakata.id, Ekonomi – Tuan Sing Holdings Limited luncurkan Opus Bay tahap pertama, Jumat (9/4/21). Kawasan yang digadang menjadi kota mandiri terintegasi ini merupakan mega proyek pertama perusahaan investasi asal Singapura itu di Indonesia.
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Tuan Sing Holdings Luncurkan Opus Bay Tahap Pertama, Kota Mandiri Terintegrasi Pertama di Batam
9 April 2021 | Swarakepri (Bahasa publication)
Batam – Tuan Sing Holdings Limited, perusahaan investasi yang memiliki berbagai bisnis di bidang properti, investasi dan perhotelan, mengumumkan peluncuran tahap pertama Opus Bay, kota mandiri terintegrasi dengan luas lebih dari 125 hektar di Batam, Jumat (9/4/2021).
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Tuan Sing Holdings Launches First Phase Of Its Batam Integrated Township Project
9 April 2021 | Property Guru
Tuan Sing Holdings has launched the first phase of Opus Bay, the company’s first integrated township development project in Batam, Indonesia. Sprawled across 125 hectares, Opus Bay serves as a “destination experience” for all as it features residential, entertainment, hospitality and business facilities.
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Tuan Sing launches phase one of Opus Bay project in Batam
9 April 2021 | Business Times
Tuan Sing Holdings has launched the first phase of Opus Bay, its township project in Batam, Indonesia. Spanning 125 hectares at the southern part of Batam, Opus Bay is expected to contain residential, retail, entertainment, and healthcare facilities. The whole project will be launched in several phases over the coming 10 to 15 years.
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御景湾:毗邻新加坡 隐藏的瑰宝
23 March 2021 | Fortune Times (Chinese publication)
导语:印度尼西亚的巴淡岛(Batam)可谓是这个群岛之国中静待开发的稀世瑰宝,作为印尼公认的度假胜地,印尼政府计划将巴淡岛打造成为世界顶级的旅游胜地,以提升它在国际上的吸引力。
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A Full Day of Fun Activities at Link@896 – A Hidden Gem for Families at Bt Timah
10 March 2021 | Cheekiemonkies
Now known as Link@896, it is located right in front of King Albert Park MRT Exit B!
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18 Robinson / KPF
9 February 2021 | Arch Daily
Manifesting identity, beauty and sustainability, 18 Robinson is yet another notable skyline designed by the renowned Kohn Pedersen Fox Associates (KPF).
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Opus Bay, Hunian Prestisius Tepi Pantai di Seberang Singapura
8 February 2021 | Rumah 123 (Bahasa publication)
Terletak di tengah jalur segitiga emas antara Indonesia, Singapura dan Malaysia, perekonomian Batam tumbuh sangat pesat dan terutama pada sektor  industri, perdagangan.
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Opus Bay – A hidden gem within close proximity from Singapore
29 January 2021 | Edge Prop
The island of Batam in Indonesia could be named as a rare, untapped gem within the country’s archipelago.
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Opus Bay – A hidden gem within close proximity from Singapore
29 January 2021 | Yahoo Finance
The island of Batam in Indonesia could be named as a rare, untapped gem within the country’s archipelago.
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2020

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19 New Launch Condos and ECs in 2021: Which to Buy?
15 December 2020 | SG Yahoo Finance
For those who’ve decided to buy a new home, there are quite a few new launch condos to choose from in 2021.
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Tuan Sing to sell Robinson Point for $500m
10 November 2020 | Straits Times
Property developer Tuan Sing Holdings is proposing to divest Robinson Point for $500 million, the mainboard-listed firm announced in a bourse filing last Friday (Aug 7).
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Kandis Residence: tranquillity with nature
9 October 2020 | EdgeProp
The residential neighbourhood along Sembawang Road will be a buzz of activity when the residents of Kandis Residence settle in.
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Singapore’s total property investment sales hit $4.4 bil in Q32020, down 55% y-o-y
9 October 2020 | EdgeProp
Total property investment sales in Singapore across all sectors hit $4.4 billion in Q32020, representing a 55.1% y-o-y decline.
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Why undervalued Tuan Sing is a ‘buy’: DBS
16 September 2020 | The Edge
DBS Group Research has maintained its “buy” call for Tuan Sing Holdings with an unchanged target price of 44 cents as it believes that the undervalued company may realise its upside potential.
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Tuan Sing to divest Robinson Point for S$500m
10 August 2020 | Business Times
Property developer Tuan Sing Holdings is proposing to divest Robinson Point for S$500 million, the mainboard-listed firm announced in a bourse filing.
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Tuan Sing to sell Robinson Point for $500 million
7 August 2020 | Edge Prop
Tuan Sing Holdings will be selling its 39 Robinson Road office property for $500 million
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Tuan Sing posts S$6.6m H1 profit, lifted by property income, fair-value gain
30 July 2020 | Business Times
Property developer Tuan Sing Holdings posted a S$6.6 million net profit for the half-year ended June, reversing its S$500,000 loss from a year ago.
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Broker’s take: DBS says Tuan Sing is an under-appreciated asset play and a ‘buy’
16 June 2020 | Business Times
DBS Group Research, in a note on Tuesday, initiated coverage on Tuan Sing with a “buy” call and target price of 38 Singapore cents on potential value-unlocking activities from its Gul Technologies (GulTech) unit, and expected post-pandemic rebound in performance for its core investment properties.
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Tuan Sing to issue S$65m 7.75% 2-year notes
13 May 2020 | Business Times
Property developer Tuan Sing Holdings has priced its S$65 million two-year, non-call 1 notes at 7.75 per cent.
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Tuan Sing launches new SGD 2Y bond at 7.75%
12 May 2020 | Bond Supermart
Tuan Sing is launching a SGD-denominated, two-year bond at the final price guidance of 7.75%. The size of this new issue is not known at this juncture.
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Covid-19 impact ‘largely confined’ to Tuan Sing’s hospitality segment, says group
11 May 2020 | Straits Times
The impact of the Covid-19 outbreak on property developer Tuan Sing Holdings’ business operations is “largely confined” to its hospitality segment, with its diversified portfolio across segments and regions ensuring a “high degree of resilience”, said the group in a corporate update late on Saturday (May 9).
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2019

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Rare penthouse in Cluny Park Residence going for $6.3 million
9 November 2019 | Edge Prop
Developed by Tuan Sing Holdings and completed three years ago, the freehold Cluny Park Residence was designed by the acclaimed SCDA Architects and comprises just 52 units.
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Tuan Sing confirms Superluck issuing S$200m 2.8% notes at par under new programme
15 October 2019 | Business Times
Mainboard-Listed property developer Tuan Sing Holdings on Tuesday announced that its wholly-owned subsidiary, Superluck Properties, will issue S$200 million senior secured notes due 2022 under its newly established multicurrency medium-term note (MTN) programme.
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Tuan Sing unit sets up S$500m medium-term note programme
14 October 2019 | Business Times
Superluck Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, has established a S$500 million secured multicurrency medium-term note (MTN) programme.
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Tuan Sing’s Superluck to issue senior secured 3-year 2.8% notes
14 October 2019 | Business Times
Superluck Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, is looking to issue three-year, Singapore-dollar notes carrying a fixed coupon of 2.8 per cent.
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Tuan Sing Names New Independent Director
20 August 2019 | Property Guru
Richard Eu Yee Ming has been appointed as the new independent director of Tuan Sing Holdings Limited, joining three other independent directors on the group’s board of directors – Albert Choo Teow Huat, Neo Ban Chuan and Cheng Hong Kok.
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2018

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Tuan Sing Holdings Limited
15 November 2018 | Business Times
Established in 1969 and headquartered in Singapore, Tuan Sing Holdings is a recognised property developer of quality residential, commercial and industrial properties.
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2017

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Sime Darby Centre at Bukit Timah sold to Tuan Sing
8 May 2017 | sgbayhomes
Developer Tuan Sing Holdings bought Sime Darby Centre in Bukit Timah for $365 million.
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Tuan Sing Holdings buys Sime Darby Centre for $365m
11 April 2017 | Straits Times
Developer Tuan Sing Holdings is buying Sime Darby Centre in Bukit Timah for $365 million.
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Tuan Sing buys Sime Darby Centre for S$365m
10 April 2017 | Business Times
Property developer Tuan Sing Holdings has signed an agreement to buy Sime Darby Centre in Bukit Timah for S$365 million.
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2015

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High Investor Activity Will See New Wave of Hotel Development
9 March 2015 | Savills
Big ticket sales throughout 2014 have led to a record high of investor activity in the hotel sector, setting a new benchmark.
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2014

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Tuan Sing trebles Q3 gains; looks to better full year
2 November 2014 | Property Launch Invest
Tuan Sing Holdings, which posted a tripling in third-quarter net earnings, is optimistic about better operational performance for the year ended Dec 31, 2014 compared to FY2013, said its CEO William Liem.
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Tuan Sing to buy over Aussie hotel associate
4 September 2014 | Business Times
Tuan Sing Holdings on Wednesday said that it would buy the 50 per cent stake in Australia’s Grand Hotel Group (GHG) belonging to joint venture partner Morgan Stanley, for A$126.04 million (S$147.38 million) .
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Tuan Sing launches freehold condo Cluny Park Residence
6 March 2014 | Straits Times
Property developer Tuan Sing Holdings launched Cluny Park Residence, a freehold condominium project in Bukit Timah, on Thursday.
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Tuan Sing launches Cluny Park Residence
6 March 2014 | The Edge Markets
Tuan Sing Holdings today announced the launch of its upmarket freehold condominium development, Cluny Park Residence.
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2013

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Sale of Sennett Residence units drives up profits at Tuan Sing Holdings
30 July 2013 | Straits Times
Developer Tuan Sing Holdings has reported a 31 percent rise in second-quarter net profit to $15.2 million.
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2012

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Tuan Sing eyes expansion in Aussie hotel market
27 June 2012 | Yahoo News
Tuan Sing Holdings, which holds a 50 percent stake in two Australian hotels, is looking to expand its presence in Australia’s hotel market, as well as in other countries.
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2011

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Tuan Sing posts 53% rise in full-year net profit to $68.2m
1 February 2011 | The Edge Markets
Tuan Sing Holdings says it posted a net profit after tax attributable to shareholders of $68.2 million for the year ended 31 December 2010, an increase of 53% compared to last year.
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2010

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Tuan Sing acquires Serene House for $99.1m
16 December 2010 | Property Guru
Property group Tuan Sing Holdings Limited, through its wholly-owned subsidiary Shelford Properties Ltd, has acquired the Serene House site for around S$99.1 million.
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2009

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Tuan Sing does a backflip in the Grand Hotel battle
2 September 2009 | News.com.au
Yesterday’s $285 million bid for Grand Hotels Group by its largest shareholder, the diversified Singapore-based group Tuan Sing Holdings, represents a stunning somersault for Tuan Sing’s chief executive David Kay Tuan Lee.
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2006

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Morgan Stanley joins Tuan Sing in bid for Grand Hotels
28 November 2006 | The Sydney Morning Herald 
The property arm of global bank Morgan Stanley has joined forces with Singapore’s Tuan Sing Holdings in an offer raised to $350 million for the Grand Hotel Group.
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Tuan Sing bids for Aussie hotel group
3 November 2006 | The Star
Singapore’s Tuan Sing Holdings Ltd launched a A$213mil cash bid to buy out Grand Hotel Group, in a move to pick up GHG’s hotels below book value.
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Singapore tops Malaysian bid for Grand Hotel Group
2 November 2006 | Finance Asia
Tuan Sing Holdings of Singapore bid for 100% of AustraliaÆs Grand Hotel Group yesterday, valuing the company at A$285 million $221 million.
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