Friday, July 29, 2016

SINGAPORE INVESTMENT IN QUEENSLAND GROWING

Recently erected in  Townsville without  the media noticing  was  a  large  sign saying you  can fly direct  to  Singapore  from  Cairns  with  SilkAir , the regional wing of  Singapore Airlines .  And  the city's  prominent  CBD building   known as the  Sugar Shaker [right] , the Holiday Inn  , has  been sold to   Singapore's Grand Hotels International  for $15million  and renamed the Hotel Grand Chancellor, which sounds like a link with  colonial times when Britain ruled the  waves  . Further down the coast , at Airlie Beach , the Club Crocodile resort  has been  bought   by  Singaporean  group   Well Smart Investment Holdings  for a  reported $9million. The group already owns the Mantra Terrace Hotel in Brisbane and  the Ibis Budget Hotel , Melbourne