BUDGET hotels and mid-range condominiums are hardly what one associates with the rich and famous.

But they proved the key to wealth for Mr Koh Wee Meng, the chief of Fragrance Group, which owns the chain of tourist-class Fragrance hotels as well as boutique property developer Fragrance Land.

Mr Koh debuted on Forbes Magazine's list of Singapore's richest people at No 24, propelled by a string of well-sold boutique condos and revenue from Fragrance's 18 hotels islandwide.

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