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CHOU Ching

Partner
Real Estate
chou.ching@rodyk.com
+65 6885 3675


EXPERIENCE

Acting for a related company of Tong Eng Brothers Pte Ltd in its collective purchase of the 26-unit Cai Garden, a residential development at Foo Kim Lin Road, for S$43 million. The collective sale was made by private treaty with the agreement of all owners.


Acted for the purchasers, a consortium of investors led by niche property developer Roxy-Pacific Holdings and including Macly Capital, Pinnacle Assets, Fission Holdings and architect Chee Hsian Sing, in the acquisition of Marina House (a 21-storey office block) located in Shenton Way from the Hong Leong Group for S$148 million. Each party will have a 20% share in the purchase. Marina House has an 8.4 plot ratio and will be converted to a 42-storey residential development and involve the topping up of the leasehold interest.


Acted for an Indonesian related company and completed the sale of a strata-titled commercial building for S$27 million to the Government of Kuwait. The sale contract was only signed in late December 2008 after more than six months of negotiations and in the midst of falling market prices, with a two week completion period. There were unique issues, such as approvals from the Foreign Ministries of the respective countries, encroachments, and approvals from the Land Transport Authority, which made for a challenging transaction.


Acted for WNS (Holdings) Limited, a leading provider of global BPO (business outsourcing process) services, in its transaction with Aviva, the world's fifth largest insurance group with US$95 billion revenue in 2007. The transaction comprised a share sale and purchase agreement, backed by a master services agreement, to acquire Aviva's offshore BPO operations. The total purchase consideration paid to Aviva is approximately GBP115 million (US$228 million), subject to adjustments for cash and debt.


Acted for the owners of Westwood Apartments in the collective sale of the development to YTL group for S$435 million. This remains as the most expensive collective sale site to-date.



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