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Previously, OBS+Wheelock entity offered $4.05 to privatise, but unsuccessful.
I think HPL RNAV is in the region of $7.
Many long suffering holders waiting for OBS to do something, either redevelop Orchard properties or takeover at a decent
price have waited until neck long long. I believe they will not accept a low ball offer like $$4.05.
Personally, I think $5 will stir interest.
Just my opinion
.
I think HPL RNAV is in the region of $7.
Many long suffering holders waiting for OBS to do something, either redevelop Orchard properties or takeover at a decent
price have waited until neck long long. I believe they will not accept a low ball offer like $$4.05.
Personally, I think $5 will stir interest.
Just my opinion
.AttasBoss ( Date: 10-Mar-2021 07:59) Posted:
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Won't be surprise for another low ball to take HPL privatize
Wheelock is already the second largest shareholder in HPL..... so no issue if Boss Ong wnat to work with them. Boss Ong is also govenrment man... so can also work with Capitaland, Temasek...... he has options...... he can also do it on his own with so many brands under his umbrella......Four Seasons, COMO......
Getting excited...... esp neighbor next door Boulevard 88 sold all thier penthouses for over $5000psf!... and Boss Ong got Orchard Road and Orchard Boulevard frontage...... only other site with this dual frontage is Ion Orchard...... covid recovery feels so much like 2006 when IR was announced and all the super high end prices went rocket up together with the launch of Ion Orchard...... the way Singapore government handled covid so well, the whole of Asia wants to park their money in Singapore!...... this could be a repeat of 2006 property boom
Getting excited...... esp neighbor next door Boulevard 88 sold all thier penthouses for over $5000psf!... and Boss Ong got Orchard Road and Orchard Boulevard frontage...... only other site with this dual frontage is Ion Orchard...... covid recovery feels so much like 2006 when IR was announced and all the super high end prices went rocket up together with the launch of Ion Orchard...... the way Singapore government handled covid so well, the whole of Asia wants to park their money in Singapore!...... this could be a repeat of 2006 property boom
Either Capitaland or Wheelock linked companies will be doing something with HPL soon. Orchard road is looking very dead nowadays.
A 2020 article:
HOCK LOCK SIEW
End of Hilton contract revives question of HPL' s plan for its hotel on Orchard Road
TUE, JUL 28, 2020 - 5:50 AM
KALPANA RASHIWALA
IN April, OUE Commercial Reit announced that it had appointed global hotel chain Hilton to manage the iconic Mandarin Orchard Singapore. This will become Hilton' s flagship hotel in Singapore and its largest in the Asia-Pacific.
More important, however, was the pronouncement that when the hotel opens its doors in early 2022 as Hilton Singapore Orchard after a S$90 million revamp, it will be the only Hilton hotel along Orchard Road.
The timing was probably deliberate. According to the grapevine, Hilton' s management contract with Hotel Properties Limited (HPL) for the Hilton Singapore hotel - also on Orchard Road, about 800 metres away - ends in late 2021.
Hilton has been managing the hotel since its opening in 1970. When the contract ends in December next year, it will bring to an end the long-running love-hate relationship between HPL boss Ong Beng Seng and Hilton. In 1988, HPL had tried to terminate the management contract with Hilton.
When they finally bid each other adieu, what will HPL do with the property, which is about 50 years old? Will it finally redevelop the property, possibly as part of a comprehensive redevelopment also involving its three other major neighbouring assets: Forum The Shopping Mall, HPL House and Four Seasons Hotel Singapore?
For about two decades now, there has been speculation of a mega development on the four plots, which add up to a land area of over 200,000 sq ft.
Back in 2005, the Urban Redevelopment Authority (URA) launched a scheme to spur the redevelopment of buildings on Orchard Road and revitalise Singapore' s prime shopping belt - by allowing developers to apply for a higher gross floor area. But HPL had not embarked on redeveloping its prized corner of Orchard Road by the time the scheme ended in 2015.
HPL can now take a stab at the Strategic Development Incentive (SDI) Scheme that the URA rolled out last year. This encourages owners of adjacent commercial or mixed-use developments in strategic areas, including Orchard Road, to join forces and come up with redevelopments that transform the locale. Eligible building owners and developers may submit proposals seeking higher plot ratios as well as flexibility on land use and building height.
Unfortunately, the overall business mood has been dampened by the Covid-19 pandemic and resulting recession.
To better manage risks in the current climate, HPL could consider redeveloping just the Hilton hotel. The ideal plan would involve comprehensive redevelopment of all its assets in the precinct, but now may not be the best time.
On the other hand, HPL could do a quick refurbishment of the hotel after Hilton exits and keep the hotel running.
It could appoint a new hotel management company to run the property, although most operators would want a fairly long-term contract, preferably of at least 10 years.
HPL, however, may not want to be locked into such a long arrangement, as that may limit its ability to seize potential opportunities to embark on redeveloping its properties in the locale.
To give itself more flexibility, HPL could operate the hotel itself until such time when it is ready to embark on a redevelopment.
The group has enough expertise in hospitality under its belt. Not only does it own hotels, but under its subsidiary HPL Hotels & Resorts it manages 11 hotels in Singapore, Malaysia, Indonesia, Thailand and Maldives. Some of these are under well-established brands such as Hard Rock Hotels, and Concorde Hotels & Resorts.
HPL Hotels & Resorts has also minted its own brands, such as The Boutique Collection (for four hotels: in Melaka, Cameron Highlands, Langkawi and Phuket)) and Gili Lankanfushi (for a resort in Maldives). Other hotels in which HPL has stakes are managed by chains such as Four Seasons, InterContinental Hotels Group, Six Senses Hotels, and Como Hotels and Resorts.
Notably, Como is a brand created by Mr Ong' s wife, Christina while some of the properties under this brand are resorts, there are also some city hotels such as in Bangkok and London. (Not all the hospitality assets managed by Como are owned by HPL).
In short, after its management contract with Hilton ends, HPL could park its Orchard Road hotel under one of its existing brands or even create a new brand for it. Room rates at such a hotel might not be as high as those of a brand like Hilton. On the flip side, HPL would save on management fees. It can still tap global distribution systems to gain visibility in overseas markets.
When the time is right, HPL may team up with a joint-venture partner to redevelop its prime Orchard Road quartet of properties.
HPL may find a like-minded partner in substantial shareholder Wheelock and Company of Hong Kong. In the past, HPL has also partnered CapitaLand - including for The Interlace and d' Leedon condo developments.
Mr Ong could even draw the attention of a potential buyer for his stake in HPL - which may potentially trigger a general offer.
The group is attractive, not least because of its sizeable redevelopment landbank in Singapore' s prime shopping belt and near the Singapore Botanic Gardens, a Unesco World Heritage site. Connectivity to the locale is set to improve when the Orchard, Orchard Boulevard and Napier stations on the Thomson-East Coast Line open.
Mr Ong can bide his time.
HOCK LOCK SIEW
End of Hilton contract revives question of HPL' s plan for its hotel on Orchard Road
TUE, JUL 28, 2020 - 5:50 AM
KALPANA RASHIWALA
IN April, OUE Commercial Reit announced that it had appointed global hotel chain Hilton to manage the iconic Mandarin Orchard Singapore. This will become Hilton' s flagship hotel in Singapore and its largest in the Asia-Pacific.
More important, however, was the pronouncement that when the hotel opens its doors in early 2022 as Hilton Singapore Orchard after a S$90 million revamp, it will be the only Hilton hotel along Orchard Road.
The timing was probably deliberate. According to the grapevine, Hilton' s management contract with Hotel Properties Limited (HPL) for the Hilton Singapore hotel - also on Orchard Road, about 800 metres away - ends in late 2021.
Hilton has been managing the hotel since its opening in 1970. When the contract ends in December next year, it will bring to an end the long-running love-hate relationship between HPL boss Ong Beng Seng and Hilton. In 1988, HPL had tried to terminate the management contract with Hilton.
When they finally bid each other adieu, what will HPL do with the property, which is about 50 years old? Will it finally redevelop the property, possibly as part of a comprehensive redevelopment also involving its three other major neighbouring assets: Forum The Shopping Mall, HPL House and Four Seasons Hotel Singapore?
For about two decades now, there has been speculation of a mega development on the four plots, which add up to a land area of over 200,000 sq ft.
Back in 2005, the Urban Redevelopment Authority (URA) launched a scheme to spur the redevelopment of buildings on Orchard Road and revitalise Singapore' s prime shopping belt - by allowing developers to apply for a higher gross floor area. But HPL had not embarked on redeveloping its prized corner of Orchard Road by the time the scheme ended in 2015.
HPL can now take a stab at the Strategic Development Incentive (SDI) Scheme that the URA rolled out last year. This encourages owners of adjacent commercial or mixed-use developments in strategic areas, including Orchard Road, to join forces and come up with redevelopments that transform the locale. Eligible building owners and developers may submit proposals seeking higher plot ratios as well as flexibility on land use and building height.
Unfortunately, the overall business mood has been dampened by the Covid-19 pandemic and resulting recession.
To better manage risks in the current climate, HPL could consider redeveloping just the Hilton hotel. The ideal plan would involve comprehensive redevelopment of all its assets in the precinct, but now may not be the best time.
On the other hand, HPL could do a quick refurbishment of the hotel after Hilton exits and keep the hotel running.
It could appoint a new hotel management company to run the property, although most operators would want a fairly long-term contract, preferably of at least 10 years.
HPL, however, may not want to be locked into such a long arrangement, as that may limit its ability to seize potential opportunities to embark on redeveloping its properties in the locale.
To give itself more flexibility, HPL could operate the hotel itself until such time when it is ready to embark on a redevelopment.
The group has enough expertise in hospitality under its belt. Not only does it own hotels, but under its subsidiary HPL Hotels & Resorts it manages 11 hotels in Singapore, Malaysia, Indonesia, Thailand and Maldives. Some of these are under well-established brands such as Hard Rock Hotels, and Concorde Hotels & Resorts.
HPL Hotels & Resorts has also minted its own brands, such as The Boutique Collection (for four hotels: in Melaka, Cameron Highlands, Langkawi and Phuket)) and Gili Lankanfushi (for a resort in Maldives). Other hotels in which HPL has stakes are managed by chains such as Four Seasons, InterContinental Hotels Group, Six Senses Hotels, and Como Hotels and Resorts.
Notably, Como is a brand created by Mr Ong' s wife, Christina while some of the properties under this brand are resorts, there are also some city hotels such as in Bangkok and London. (Not all the hospitality assets managed by Como are owned by HPL).
In short, after its management contract with Hilton ends, HPL could park its Orchard Road hotel under one of its existing brands or even create a new brand for it. Room rates at such a hotel might not be as high as those of a brand like Hilton. On the flip side, HPL would save on management fees. It can still tap global distribution systems to gain visibility in overseas markets.
When the time is right, HPL may team up with a joint-venture partner to redevelop its prime Orchard Road quartet of properties.
HPL may find a like-minded partner in substantial shareholder Wheelock and Company of Hong Kong. In the past, HPL has also partnered CapitaLand - including for The Interlace and d' Leedon condo developments.
Mr Ong could even draw the attention of a potential buyer for his stake in HPL - which may potentially trigger a general offer.
The group is attractive, not least because of its sizeable redevelopment landbank in Singapore' s prime shopping belt and near the Singapore Botanic Gardens, a Unesco World Heritage site. Connectivity to the locale is set to improve when the Orchard, Orchard Boulevard and Napier stations on the Thomson-East Coast Line open.
Mr Ong can bide his time.
Situation looking good and very positive for Boss Ong to unveil the biggest ever project on Orchard Road - top end property perfect for foreginers who are paying top dollar for GCBs and super high end proects like Boulevard 88, Park Nova.
Boss Ong loves money and trends. He entered his career with Hilton purchase and will end his career with Hilton project - the biggest ever project on Orchrad Road. HPL Orchard project has the potential to be a Singapore icon just like MBS, Jewel! Not unreasonable to assume that governemnt will want to encourage Boss Ong to do the project soon to revamp Orchard Road
not forgetting the F1 - Grand Prix..
JTINVESTOR ( Date: 18-Sep-2020 00:20) Posted:
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Rich and you want to be richer right? of course if you ask me, OBS is filthy rich...only depends on what is your definition of filthy..
ahberngh ( Date: 22-Jan-2021 15:24) Posted:
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OBS probably won' t do anything, he does not need the money .
Leave it to his children or grandchildren.
I waited and waited for donkey years, not vested anymore.
May consider going in if there are signs of him moving but I am afraid of it being a case of tankookoo.
.Leave it to his children or grandchildren.
I waited and waited for donkey years, not vested anymore.
May consider going in if there are signs of him moving but I am afraid of it being a case of tankookoo.
Very basic calculation would reveal a project of at least SGD4 billion or more. Translates to possibly $7.50 a share. And if the high end market goes higher, then the project value goes up even more. In a bad scenario, maybe a foreign developer / fund makes an offer for the assets.... this also huge unlocking of value... either way Boss Ong makes.
The few plots of land on orchard road easily worth more than the whole HPL market cap
Time to revisit how to moneytise HPL choicest assets.
Time to revisit how to moneytise HPL choicest assets.
Super high end market moving... more and more people speculating on timing for Boss Ong to make his announcement for his largest ever redevelopment project Hilton Hotel, Four Seasons Hotel, Forum Mall, HPL House.
If anyone hears of any ideas, please share... this is going to change Orchard Road finally
If anyone hears of any ideas, please share... this is going to change Orchard Road finally
Yes thats right.... HPL is the biggest owner of resorts in the Maldives... Maldives market (on normal basis ie without COVID scenario) is highly lucrative... :)
In Maldives, I think HPL is doing well:
The Maldives is now open to all global tourists. Here' s how they' re doing it
Karla Cripps, CNN &bull Updated 16th July 2020
FacebookTwitterEmail
(CNN) &mdash Though border restrictions and quarantine measures are keeping people from visiting many of the world' s most popular travel destinations at the moment, one country famed for its natural beauty is now welcoming all guests -- the Maldives.
As of July 15, this island nation in the Indian Ocean is reopen to international tourism and, perhaps remarkably, very few strings are attached.
Global travelers -- US citizens included -- will not have to enter into a mandatory quarantine upon arrival at Velana International Airport in the capital, Male. Nor will they need to produce proof they have tested negative for coronavirus.
There are also no new visa requirements or additional fees to pay.
All the signs are there... Boss Ong only does high visbility projects, and this will be a game changer for Orchard Road. If he unlocks value for HPL, the revised net asset value will be very high... the combined Orchard Road land already 220000 sqft... and given bonus GFA for special projects, the revised net asset value will go to dizzy highs...
https://forums.condosingapore.com/showthread.php/1088-HPL-stock-up-14-on-hopes-of-prime-site-redevelopment
This in 2007... now 2020 land price so much higher... cant imagine what the actual true value of HPL and Boss Ong really is.
https://forums.condosingapore.com/showthread.php/1088-HPL-stock-up-14-on-hopes-of-prime-site-redevelopment
This in 2007... now 2020 land price so much higher... cant imagine what the actual true value of HPL and Boss Ong really is.
Hope he does something soon.
JTINVESTOR ( Date: 16-Sep-2020 23:28) Posted:
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Many reasons... 1. Hilton contract moving to Mandarin Orchard already announced... 2. Hospitality and retail so bad now, so best time to start... if dont do now, do when?... 3. Boss Ong so old already... and this his most mega and high profile glitzy project... surely he want enjoy too when complete right before even older... 4.Boss Ong now own major stake in HPL... ie no more fighting with his crazy Bro in law... he sapu exchange with his Bro in Law all his HPL shares so now Boss Ong is majority control over 50% of HPL... last time only 20%... so nowhe can focus all in HPL with out looking back... 4. Govt want promote Orchard Road and give special higher plot ratio for special projects in Singapore, on top of this want create buzz for Orchard Road... so this sure get special attention and priviledge... wah think about it dont even know how much more plot ratio incentive... surely a lot such that it become super project along new West Orchard...
Don' t make me happy leh! Any news? Pls give link thanks.
JTINVESTOR ( Date: 16-Sep-2020 23:14) Posted:
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Sleeping Giant to finally awake soon with mega Orchard Road project!