Staying on the pulse of news

27th Sep 2020

Penrose Over 60% Sold In An Outstanding Virtual Launch Weekend

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.

09th Sep 2020

Hong Leong Holdings To Preview The Highly-Anticipated Penrose Condo This Weekend

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.

28th Aug 2020

Millennium Hotels and Resorts partners Wildlife Reserves Singapore to launch innovative staycation experiences

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.”

19th Aug 2020

Millennium Hotels and Resorts seeks to right-size and upskill its workforce amidst battling COVID-19

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.

09th Aug 2020

Millennium Hotels and Resorts Salutes The Lions of Healthcare

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.

16th Jul 2020

Hong Leong Finance Clinches Global Accolades

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.

09th Jul 2020

Hong Leong Finance To Reopen Seven More Branches And Two SME Centres

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.

25th Jun 2020

Hong Leong Finance To Reopen Six Branches and Two SME Centres

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.

23rd Jun 2020

Hong Leong Finance Reaches Out To SMEs With Targeted Business Loans

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.

10th Jun 2020

We Clean. We Care. We Welcome.

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.  

06th May 2020

Hong Leong Finance Hits 500th Customer In Approved COVID-19 Loan Relief Applications

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.