Hongkong Land Is Said to Seek Stake in Tycoon’s Singapore Assets

Exclusive Hongkong Land Is Said to Seek Stake in Tycoon’s Singapore Assets Hongkong Land Holdings Ltd. is in discussions with Ong Beng Seng’s Hotel Properties Ltd. to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter. A potential deal could involve the developer, controlled by Hong Kong’s Jardine Matheson Holdings Ltd., investing in the three adjacent properties earmarked for development, according to the people, who asked not to be identified discussing private matters. The assets comprise hotel voco Orchard, shopping mall Forum, and HPL House, which houses Hotel Properties’ headquarters and Hard Rock Cafe.