Pollux to enjoy greater income stability from recurring income of serviced apartments, rentals

By Samantha Chiew / The Edge Singapore | July 10, 2018 3:44 PM SGT
Pollux Properties, the premier luxury property developer, holds several investment properties following its acquisition of Pollux Alpha Investments in Nov 2017.
This acquisition includes The MacDonald House and 14 other residential properties, all located in Singapore’s prime district areas.
On top of the group’s existing 96 serviced apartments and two retail investment properties along Balestier Road, the group is now less prone to the volatility of property development sales.
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In an unrated Tuesday report by SAC Advisors, analyst Terence Chua says, “It is poised to enjoy greater income stability from the recurring income of its serviced apartments and rentals.”
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