Property News · October 18, 2019

With Hong Kong’s hotel sector in the doldrums, investors zero in on new-found favourite Singapore


Prospective investors are hunting for bargains in Hong Kong’s hotel real estate market, which is experiencing a sharp downturn, as tourists stay away from the city amid unprecedented protests over the past four months.Analysts say the focus is now firmly on Singapore’s hospitality sector that has seen a boom in transactions because of a strong outlook for tourism, unlike Hong Kong.Peter Yuen, managing director and head of investment and sales at Savills, said deals were becoming increasingly…

Source : South China Morning Post
Read more…With Hong Kong’s hotel sector in the doldrums, investors zero in on new-found favourite Singapore