30 March 2020 – The Board of Directors of City Developments Limited (CDL) announced today the appointment of Mr Clarence Tan (age 52) as the Group Chief Executive Officer (Group CEO) for Millennium & Copthorne Hotels Limited (M&C) – the Group’s wholly-owned hospitality subsidiary – with effect from 2 April 2020.
As the first CEO for the privatised M&C, Mr Tan will spearhead a turnaround in the performance of M&C’s global hotel portfolio which encompasses 150 hotels and 43,500 rooms worldwide, many in key gateway cities. Reporting to CDL and M&C Executive Chairman Mr Kwek Leng Beng, he will work closely with the CDL leadership team to deliver sustainable hotel performance by focusing on achieving synergies, cost efficiencies and driving profitability. Mr Tan’s timely appointment will offer stability to M&C and comes at a time when the COVID-19 pandemic has significantly affected the global hospitality industry.Read Full Article
Singapore, 19 February 2020 – Hong Leong Finance (HLF) today announced that it will roll out Covid-19 Loan Relief Schemes, to support small- and medium-sized enterprises (SMEs) and individual customers affected by the COVID-19 outbreak.
The Schemes will help businesses for their Singapore operations mitigate the impact caused by the coronavirus outbreak. HLF understands that one of the constraints that SMEs may face is cash flow. Loan support, for affected companies who encounter difficulty in servicing their loan instalments, will be extended to help them tide over this difficult period. Measures will include providing additional loans against their property with total loan-to-value (LTV) of up to 100% and offering SME Bridging Loans that are released in tranches according to their cash flow needs. These are further measures to complement the Stabilisation & Support Package delivered in Budget 2020.
Affected individual customers will also be rendered assistance.
HLF President Mr Ang Tang Chor said, “Medical staff are tirelessly combating the COVID-19 outbreak at the forefront and the Government is doing its utmost to keep the community safe and healthy. At Hong Leong Finance, we want to do our part by increasing financial support, such as preferential policies for loan terms and fees, to support our customers who may be in hardship. We understand the anxiety they are facing regarding maintaining cash flow to keep their businesses afloat and income to support their families. We believe our added assistance can help reduce business disruption and financial strain. We are committed to supporting them through these challenging times.”Read Full Article
Singapore, 5 February 2020 – Hong Leong Group has implemented precautionary measures across its businesses in accordance with guidelines from the relevant local authorities. At the moment, our measures for employees only take effect in the case of employees with a recent China travel history. Employees who recently travelled to or are travelling to/from China (including transit); or came into contact with persons who travelled to Hubei, China, are required to submit their travel details and undergo a 14-day monitoring period. During this period, staff have either been advised to adopt flexible work arrangements, such as telecommuting and teleconferencing or been granted leave of absence. Staff have been advised to remain vigilant and to practice good personal hygiene.Read Full Article
Singapore, 24 January 2020 – Millennium Hotels and Resorts (MHR) has stepped up precautionary measures on preventing the spread of the coronavirus.
Our staff have been briefed on the guidelines provided by the local health authorities. Front desks are equipped with infrared thermometers to conduct mandatory temperature checks on all guests. Staff and guests who are unwell with any symptoms of fever, flu or respiratory problems are asked to consult a doctor immediately. For overseas guests, our hotel teams will assist to call in a doctor.
Measures include staff briefings to reinforce the rules and practices of good personal hygiene, provision of medical masks and gloves for staff and guests, as well as hand sanitisers that are placed at guest contact areas such as hotel lobbies. Special attention has also been placed to sanitise public contact points such as elevator buttons, reception counters and conference/meeting rooms. The cleaning of guest rooms have also been stepped up.
Daily meetings are conducted to review the situation; we are in constant communication with staff and guests to keep them updated and to advise them on appropriate measures to take.
We remain vigilant and will work closely with the authorities for the health and safety of all stakeholders.Read Full Article
Singapore, 7 January 2020 – The 376-unit Avenir will be launching this weekend starting 11 January 2020.
Located in District 9 in the prime River Valley area, this freehold luxury project is a gem that enjoys close proximity to Orchard Road while being away from the din of the world-famous shopping belt.
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
Hong Leong Holdings Limited (HLHL) will commence previews starting this Saturday, 19 October. Its latest development, Midwood, a 564-unit condominium, strategically located in the highly sought-after residential enclave of Hillview Rise.Read Full Article
22 January 2019 – With renewed interest in high-end properties and branded residences as reported by List Sotheby’s International Realty and Knight Frank, St Regis Residences Singapore is poised to attract buying interest. Since the movie release of “Crazy Rich Asians”, Singapore has been basking in the global limelight as the playground for the super-rich.Read Full Article
21 Jan 2019 – Hong Leong Finance (HLF) is working with Millennium Hotels and Resorts (MHR) to launch a new loyalty programme that opens a world of special dining, entertainment and accommodation privileges to HLF’s SME customers. Aptly named HLF Exclusive Privileges, this loyalty programme aims to help SMEs in their costs management in business entertainment and marketing.Read Full Article
9 January 2019 – Under a management franchise agreement*, Millennium & Copthorne Hotels’ (M&C) Millennium Hotel London Mayfair, which was closed for renovation last year, will reopen as The Biltmore, Mayfair under Hilton Worldwide Holding’s new LXR Hotels & Resorts luxury hotel collection. This will be Hilton’s first European hotel under its LXR collection in London.
The refurbishment, which is estimated to cost approximately £50 million, started in November 2017 and the hotel was closed entirely at the beginning of July 2018.
The luxury hotel, situated in a prime location in the heart of Mayfair on Grosvenor Square, will open for business in Spring 2019.Read Full Article