Joint Acquisition of Prime Leasehold Site at Prince Charles Crescent

Wingstar Investment, Metro Australia Holdings and Maxdin successfully acquired the site at Prince Charles Crescent. Wingstar Investment is a subsidiary company of Wing Tai Holdings Limited, while Metro Australia Holdings and Maxdin Pte Ltd are, respectively, subsidiaries of Metro Holdings Limited and UE E&C Ltd.

Wing Tai was founded in 1955 in Hong Kong and incorporated in Singapore on 9 August 1963. Today, Wing Tai Holdings Limited is Singapore’s leading property developer and lifestyle company reputed for quality and design. The principal activity of the company is that of an investment holding company, focused on key markets in Asia.

Listed on the Singapore Stock Exchange since 1989, it is an investment holding company with a key focus on growth markets in Asia, with assets exceeding S$3 billion. Through a network of companies under the Wing Tai Asia brand, viz. Wing Tai Holdings Limited (Singapore), Wing Tai (China) Investment Pte Ltd, Wing Tai Malaysia Berhad (Malaysia), Wing Tai Properties Limited (Hong Kong) and their subsidiaries, Wing Tai has core businesses in property investment and development, lifestyle retail and hospitality management in key Asian markets.

The WingTai Asia network of companies including Wing Tai Holdings Limited (Singapore), Wing Tai (China) Investment Pte Ltd, Wing Tai Malaysia Berhad (Malaysia), Wing Tai Properties Limited (Hong Kong) and their subsidiaries, have core businesses in property investment and development, lifestyle retail and hospitality management.

Listed on the Mainboard of the SGX-ST in 1973, Metro Holdings was founded in 1957 by the late Mr Ong Tjoe Kim. Starting out as a textile store on 72 High Street, Metro has grown over the years to become a property development and investment group, backed by an established retail track record, with a turnover of S$187.1 million and net assets of S$1.1 billion as at 31 March 2013.

The Group operates two core business segments – property development and investment, and retail – focusing on key markets in the region such as the People’s Republic of China, Indonesia and Singapore.

UE E&C Ltd., a subsidiary of United Engineers Limited, is an established integrated mechanical and electrical (“M&E”) engineering and construction company. Providing integrated M&E engineering services and a comprehensive range of construction services from design and build, civil works to general construction for residential, industrial, commercial and institutional buildings as well as infrastructural works.

In addition, we engage in residential property development through joint ventures. Headquartered in Singapore with overseas operations in Brunei, China, Vietnam and Malaysia.

Well, the marvellous and picture perfect architecture has been executed by Toyo Ito & Associates. The Architectural design and development of The Crest Condo is a seductive blend of right proportion and space. Located in District 10, the Crest Condominium is 14 story great residential development including 1 bedroom, 2 bedroom, 3 bedroom and 4 bedroom areas. The Crest offers superior spatial quality interplaying open-n-unblocked view of the beautiful surroundings.