HK gaming tycoon Stanley Ho-backed Shun Tak buys prime Singapore hotel plot for $105m

HK gaming tycoon Stanley Ho-backed Shun Tak buys prime Singapore hotel plot for $105m

Commercial towers at the financial Central district are seen behind a lion decoration in Hong Kong, China January 5, 2016. REUTERS/Bobby Yip

Hong Kong gaming tycoon Stanley Ho has bought a prime land site off Singapore’s famed Orchard Road shopping belt, in the first transaction of a redevelopment site for a hotel in this location in more than a decade.

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