1. Hotel Property

The company owns hotel assets in Australia in Hyatt regency Perth ad Grand Hyatt Melbourne. Both are freehold assets. However, performances has been relatively muted with the company barely breaking even. This segment is not a major profit contributor to the group

2. Property Development

Tuan Sing is increasingly becoming active in this region with the recent completion of its Grade A Singapore Office at 18 Robinson Road which is a freehold land. Similarly, the group is now  redeveloping Sime Darby Centre which is a part freehold and part 999 years lease. Furthermore, Tuan Sing recently secured a low 2.80% interest on its bonds, which means its loans will be at a low interest rate.

18 Robinson Road recently started operations in 2019 and has started its leases with tenants and retail shops. Therefore, I am expecting increase in revenue