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The Assembly Place: Completes Acquisition Of 163 Tras Street For Conversion Into A Hotel.
23 Mar 2026 07:35The Assembly Place Holdings Ltd. has completed its acquisition of 163 Tras Street, an 11-storey freehold commercial building in Singapore. The acquisition was carried out through 163 TS Pte. Ltd., a joint venture company in which TAP holds a 10% equity stake. TAP, together with its joint venture partners, intends to convert the Property into a 152-room hotel. To-date, provisional permission has been granted by the Urban Redevelopment Authority for a change of use from commercial to hotel use, with certain additions and alterations. The additions and alterations will begin upon receipt of URA's approval for commencement of works...
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Source: ShareInvestor Express
