IPC Corporation Ltd ("IPC") (www.ipc.com.sg) was incorporated in Singapore on 8 May 1985 and has been listed on the Mainboard of the SGX-ST (Stock Code : AZA) since 21 May 1993. The businesses of IPC and its subsidiaries ("The Group") includes property investment and development as well as investment holding.
Over the years, the Group developed several projects in China and Japan. The Group’s notable development projects include:
1) Costa del Sol (www.costadelsol.com.cn) in Zhuhai, China, a residential cum commercial and a hotel project, that has a total gross build-up area of more than 170,000 square meters. The project was developed from 1997 and all the residential units were completely sold by 2008; and
2) Residential condo projects in various locations in Japan (Tsukuba, Tsuchiura, Uraga, Tsukimino, Oppama and Oiso), were completed between 2009 and 2013.
In the U.S., the Group transacted numerous single family homes through the buy, rehabitation and sell process from 2009 to 2012.
Concurrently in Japan, over a couple of years from 2010, the Group bought a total of 9 hotels, out of which 6 were rebranded under the “nest” hotel branding. The “Nest Hotel” trademark and name is registered and owned by IPC.
Following its divestment of 9 hotels in Japan in 2015, IPC has transformed its business model into an asset-light hotel management business, although the Group still owns a 217 room Grand nest HOTEL zhuhai in China. Armed with an extensive experience in hotel management with a proven track record of optimised returns, the Group is well positioned to competently offer consultancy and advisory services with comprehensive feasibility studies and design for owners of existing hotels embarking on renewal or new hotels development.
The Group has a portfolio of 12 hotels in Japan under its management under the “nest”, “Bespoke” and “Tissage” brands which are collectively owned by the Group. By 2020, 6 more hotels in the pipeline under our management would opened in Japan. Leveraging on its established brands and hotel management experience and expertise, the Group will further expand its hotel management business in Japan as well as into other Asia-Pacific markets.