Singapore, 27 September 2020 – As at 5pm today, Hong Leong Holdings Limited sold 341 units (or 60.3%) of the 566-unit Penrose condominium in its virtual launch weekend, September 26 and 27. This impressive performance makes Penrose by far the most successful and best-selling property launch in 2020.
In line with safe management measures, Zoom was the virtual platform used from the balloting process to the booking of units.
Previews for the highly-anticipated Penrose condominium will begin this weekend on 12 September by appointments only. Located in District 14 at Sims Drive, the 99-year lease condominium is deemed a new icon in the city fringes of Singapore.
Sitting on a site measuring 174,646.60 square feet (sq ft), Penrose comprises five 18-storey towers encompassing 566 residential units nestled in a lush landscape filled with a variety of lifestyle activities to cater to both young and old. Some of its facilities include a childcare centre conveniently located within its compound, wellness gardens, a 50-metre swimming pool, a gourmet pavilion for gatherings of families and friends, a sky garden at the rooftop with unblocked panoramic views of the city skyline, and even a majestic treehouse pavilion for an idyllic escape – a rare amenity found in new projects these days.Read Full Article
In line with the SingapoRediscovers campaign organised by Singapore Tourism Board, Millennium Hotels and Resorts (MHR) has formed a strategic partnership with Wildlife Reserves Singapore (WRS) that covers three aspects – community, curated staycation experiences and member appreciation.
“This partnership allows us to engage our guests with personalised experiences and align our marketing strategies with the government’s drive to encourage Singaporeans to enjoy mini-holidays in their own backyard,” said Mr Saurabh Prakash, Group Vice President, Marketing, MHR. “It is an ideal solution in these extraordinary times.”Read Full Article
Millennium Hotels and Resorts (MHR) in Singapore has embarked on a work force rationalisation and right-sizing plan following a rigorous review of its Singapore Corporate Office and hotel operations. This is a difficult but inevitable move considering the business recovery outlook on the hospitality industry caused by the COVID-19 pandemic.
The global pandemic and economic fallout have hit the hotels hard. As at 30 June 2020, nearly one third of MHR’s over 145 hotels globally were temporarily closed and those that remained open were operating at much lower occupancies than before. This severely impacted MHR’s operations and performance.Read Full Article
To honour the valiant efforts of Singapore’s healthcare workers, Millennium Hotels and Resorts (MHR) has launched a special treat to thank them for working hard in keeping everyone safe. Offering half price accommodation and 25% discount off food and beverage, those in the healthcare profession can take some time out to relax at MHR’s Singapore hotels.
“Our healthcare workers have been fighting the COVID-19 pandemic for the past few months. We understand their fight is a long and tough one, and we have been searching for a tangible way to thank these healthcare warriors. When we were presented with the ‘Lions for Healthcare’ community project, we knew it was the perfect platform for our hotels to reach out and show their gratitude,” said Group Chief Operating Officer, Mr Kieran Twomey.Read Full Article
Hong Leong Finance (HLF) has once again secured its position on the prestigious The Banker’s Top 1000 World Banks Ranking 2020, rising by 27 spots from last year to its current 640th placing in the 2020 ranking. This is the third consecutive year that HLF is listed in the global ranking.
Singapore’s largest finance company attributed its higher ranking to the growth of 7.8% to US$1.33 billion in Tier 1 capital as at 31 Dec 2019, a measurement tool used by The Banker to map a financial institution’s financial strength. The Banker is an economic and financial report by one of the world’s leading global business publications, The Financial Times.Read Full Article
Hong Leong Finance (HLF) will reopen seven more branches and two SME Centres on Monday, 13 July 2020. This is the final phase of the finance company’s gradual re-opening in its safe transition to resume business for its entire network of 28 branches and 12 SME Centres.
Business hours will resume at 9.00am to 4.30pm on weekdays and 9.00am to 12.00pm on Saturdays. Priority is given to vulnerable customers who are elderly, pregnant or have mobility issues from 9.00am to 11.00am. Where feasible, separate queues with seats are provided for them.Read Full Article
Hong Leong Finance (HLF) will reopen six branches and two SME Centres with effect from 29 June 2020. These branches and SME Centres will help to meet the expected increase in customer traffic as Singapore heads into the second week of post-Circuit-Breaker Phase 2 Safe Transition.
There will be a total of 14 opened branches and seven SME Centres in operation by 29 June, while 14 other branches and five SME Centres will remain closed until further notice.Read Full Article
Hong Leong Finance (HLF) today launched its Business Loans Campaign with the aim of reaching out to more SMEs, empower them with targeted solutions to manage cash flow, and mitigate the overall impact from the coronavirus crisis.
SMEs with affected cash flow can apply for affordable Enhanced Enterprise Singapore Financing Scheme (EFS) – SME Working Capital Loan (WCL) and the Temporary Bridging Loan Programme (TBLP). These collateral-free loans are supported by the Monetary Authority of Singapore’s (MAS) SGD Facility. Customers can also enjoy a waiver of processing fees during this period.Read Full Article
In this pandemic and global fight against Covid-19, Millennium Hotels and Resorts (MHR) has stepped up precautionary measures to ensure that every hotel is a welcoming sanctuary for guests. The “We Clean. We Care. We Welcome.” campaign has been rolled out to more than 145 hotels across 80 locations under the MHR portfolio.
Complementing mandatory preventive measures by government authorities and hygiene accreditations, the “We Clean. We Care. We Welcome.” campaign establishes exhaustive measures that focuses on all touchpoints of any interaction to ensure that every stay with an MHR hotel is safe, clean and comfortable and that the well-being of employees are safeguarded.Read Full Article
Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and 200 from retail customers.
HLF expects to see a further increase following the latest announcement by the Monetary Authority of Singapore to ease cash flow concerns of individuals, which includes vehicle and commercial property loans. As a committed financier, HLF is supportive of the second relief package for individuals.Read Full Article
Singapore, 3 January 2020 – A rare freehold district nine project will come onstream in January. Developed jointly by Hong Leong Holdings Limited (HLHL), GuocoLand Limited and Hong Realty (Private) Limited, The Avenir is a 376-unit condominium located in the prime River Valley area.
Previews of The Avenir will commence on 3 January 2020 at 6pm.
21 October 2019 – The 564-unit Midwood by Hong Leong Holdings saw a strong turnout over its first preview weekend which started on October 19. More than 3,500 visitors were recorded at the show suites of the 99-year lease development…Read Full Article
18 April 2019 – Hong Leong Finance (HLF) has made it to The Banker’s 2018 Top 1000 World Banks, ranking fifth among the New Arrivals that have joined the list for the first time. It marks a first for a Singapore finance company.Read Full Article
6 March 2019 – Singapore has achieved the highest market share of financing Porsche cars in the world in 2018. And to mark this milestone, Porsche Financial Services Group Germany (PFS) today presented Hong Leong Finance (HLF) a special award for achieving the highest ‘market penetration worldwide’ for the German premium sports car manufacturer.Read Full Article
The St. Regis Singapore has unveiled a new event space. Converted from the hotel’s indoor tennis courts, the new space is known as Caroline’s Mansion, in honour of Caroline Astor – mother of St. Regis founder John Jacob Astor IV.
Housing 370 square metres of lavish space, designed with original architecture elements from Caroline Astor’s New York home, Caroline’s Mansion boasts nine-metre double-height ceilings and a ballroom that can be divided into three intimate spaces.
This innovative conversion of space started in March 2018 and took ten months to complete. Despite a tough economic climate, there has been increasing interest in high-end venues to host intimate weddings and events. The conversion of the tennis courts increases St. Regis’ space inventory and puts the hotel in an advantageous position to handle the demand for event venues.Read Full Article
30 January 2019 – More than 40 elderly beneficiaries learnt some secrets to growing old
gracefully at Hong Leong Foundation’s charity event, held at Copthorne King’s Hotel today.
The seniors from Bo Tien Home for the Aged and Kheng Chiu Loke Tin Kee Home enjoyed a morning
focused on health and wellness. They were hosted by staff volunteers from member companies in Hong
Leong Group Singapore.