SUTL Enterprise

Singapore is short of berths and facilities tailored to accommodate larger yachts and super-yachts, says SUTL’s CEO Arthur Tay.

The property was intended for the operation of Puteri Harbour Club which had its membership scheme scrapped in Feb 2022.

He replaces Lew Syn Pau who is resigning from the board.

Revenue for the period grew 20% y-o-y to $16.1 mil following the resumption of more activities amidst recovery from the pandemic.

SINGAPORE (Aug 2): ONE°15 Marina Sentosa Cove has now become the very first private marina in Singapore to operate a Customs, Immigration and Quarantine (CIQ) facility.

SINGAPORE (Feb 21): SUTL Enterprise, the developer and operator of marinas, announced that its 4Q18 earnings have dropped by 17% to $3.64 million, compared to $4.40 million in 4Q17.

SINGAPORE (Dec 26): SUTL Enterprise announced that ONE15 Marina Development, its joint venture company with UEM Land, was granted the approval by the Companies Commission of Malaysia or Suruhanjaya Syarikat Malaysia (SSM) to begin selling memberships for

SINGAPORE (May 10): Marina developer and operator SUTL Enterprise saw its earnings fall 30% to $0.6 million for the 1Q ended March, from $0.9 million a year ago, on the back of higher expenses.

SINGAPORE (Feb 26): SUTL Enterprise today reported a 2% rise in earnings to $2 million from $1.97 million a year ago on lower expenses.

SINGAPORE (Feb 22): SUTL Enterprise is acquiring a 60% stake in Thailand-based Makham Bay Marina (MBM) for $5.6 million.