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Billionaire eyes islands beyond Singapore
Amresh Gunasingham
Mon, Nov 09, 2009
The Straits Times

 

HE ARRIVED in a whirlwind of publicity earlier this year and bought a $15.46 million penthouse at The Sail @ Marina Bay condominium.

Now, Indian billionaire Bhupendra Kumar Modi is setting his sights beyond Singapore.

He wants to spend US$100 million (S$140 million) to buy beach resorts in popular spots such as Bintan and Batam, and invest in at least four smaller islands which remain largely underdeveloped.


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