Singapore Flyer sold

[Pisces69]

The new owner never start to lelong the ticket price to attract people..

 

 

They first wil get Consultants to come n do a research n then decide how much can charge.

 

The consultants already charge $300K just for research.

 

Thats why many "projcts" r doomed to fail from the start. Just to research costs already weigh down the project even b4 it starts.

[Observer]

I din know CNA peepur read MCF oso...see the key words!!!

 

 

SINGAPORE - Mainboard-listed tourism company Straco Corporation has agreed to buy the troubled Singapore Flyer for $140 million in cash.

The acquisition "represents an expansion of the group's core tourism related business," Straco told the Singapore Exchange on Thursday.

The Flyer, which cost $240 million to build, came under the spotlight in May last year when the company behind the now six-year-old attraction was placed in receivership.

It was later put up for sale, with advertisements appearing in major newspapers such as The Wall Street Journal in the United States.

- See more at: http://www.straitstimes.com/news/business/companies/story/straco-corp-inks-deal-buy-singapore-flyer-140-million-20140828#xtor=CS1-10

hmm..maybe @throttle2 is the CEO

 

maybe trade in his mazda 2 to pay in cash

[Camrysfa]

 

Buyer is China Co la. Local partner is WTS at 10 %. No T2

[Qpik]

Maybe they should change those capsules to a love capsule, with blinds and water bed.

 

For those who want a quickie at a hourly rate.

 

Or convert it into a gigantic fan. When there's haze, rotate it in the direction so that it will suck the haze away from city area. When no haze, rotate in the other direction to suck in the sea breeze and blow into the city area.

Bestest idea but old wolves take longer time to "arrive".

 

Must do away w blinds then can complete the "action" in 45mins......as in viagra n cialis need time to react yah hehe

[Fcw75]

Bestest idea but old wolves take longer time to "arrive".

 

Must do away w blinds then can complete the "action" in 45mins......as in viagra n cialis need time to react yah hehe

Some prefer a bit of privacy ma....hehe.

 

Viagra must take half hour before boarding the capsule....haha.

[Qpik]

The Singapore Flyer is one classic example of building without thinking.

Lost count liao...

 

Those w historical n tourist attractions bldgs build to last don't retain.

 

MCF hv more members with brain n foresight than those decision makers or maybe they kiasi don't dare to risk it.

Some prefer a bit of privacy ma....hehe.

 

Viagra must take half hour before boarding the capsule....haha.

OK, then they can tenant out shop to doctor sellg viagra, cialis. A sex toy shop, then next a luxurious shower facilities.... all these sure can pull in crowd.

[Shull]

Btw this flyer is private fund rite?

 

Alot tot is gahment fund..lol

 

Yup.. the initial investment is private fund.. the only "gahment" part about it is, it sits on gahment land..

[Mustank]

maybe rename to piak piak flyer

piak while flying

[Qpik]

Actually, the mgmt could really work w other tourist attractions n do bundle package n attract locals too.

 

Singapore attractions are way too expensive for locals.

[Kangadrool]

Actually a lot of things are very affordable in Japan.

 

It only cost 200 yen to visit a maritime museum on a decommissioned NYK vessel in Yokohama. See and touch until you song.

 

Surprised that Japan is the cheapest among all...

 

 

Singapore Flyer - sgd$29.70 (after 10% discount if book online) http://www.singaporeflyer.com/unique-experiences/

 

London Eye - £29.5(sgd$61) http://www.londoneye.com/TicketsAndPrices/Tickets/Default.aspx

 

High Roller Las Vegas - US$$24.95 (sgd$31) https://www.caesars.com/thelinq/high-roller.html#.U_8PzPmSySo

 

Star of NanChang, China - RMB70 (sgd$14.2) http://nczx.txjly.com/

 

Melbourne Star - aud$32 (sgd$37) http://www.melbournestar.com/book.html

 

Diamond and Flower Ferris Wheel, Tokyo, Japan - 700Yen (sgd$7) http://www.senyo.co.jp/kasai/fee.html

 

 

 

 

 

Edited August 29, 2014 by Kangadrool

[Wyfitms]

No biz la

 

i thought so too, but when i recently brought the family there on sat evening, the queue was so looong!

[Keithchue]

let me predict another failure?

which one? I don't think are the casinos though...

[Karoon]

Interesting.

 

Seating capacity 784, 1/2 hr ride.

 

At $30, potential to make 40k/hr or $180mil+ a year and with 12 hrs running daily.

 

Sounds like a good deal if they can get people up there. The 100mil question is how.

 

Interesting.

[Camrysfa]

 

Not so simple. Not easy to get constant stream of riders. When it rains the before n after shutdown can be lengthy.

[Thaiyotakamli]

 

i thought so too, but when i recently brought the family there on sat evening, the queue was so looong!

Thought no biz cos when i took on weekday last year the capsule was less than 10 people including my family

[Ryu]

maybe rename to piak piak flyer

piak while flying

 

They can then setup a Flyer High Club, members get 10% discount and other benefits.

[Donut]

let me predict another failure?

I thought they hired a very expensive feng shui master to do this and that?

 

can they claw back the money paid to this master?

[Super7]

maybe rename to piak piak flyer

piak while flying

Better check if structure can tahan the vibrations