Except from Bz times (11 Oct)
HOTEL Properties is not likely to demolish the 257-room Four Seasons Hotel Singapore on Orchard Boulevard in the near future although the government has eased restrictions on the use of the land.
'Why would we want to demolish it now, especially in view of the current poor outlook of the residential market? It just doesn't make sense,' said David Ban, a cousin of HPL managing director Ong Beng Seng. The former HPL director also noted that the hotel, one of Singapore's top outfits, was profitable, and enjoys occupancy levels of between 70 and 80 per cent. There was, therefore, no need to pull it down.