SINGAPORE - Hotel Investment Market Sets New Record in 2006

ASIATravelTips.com, 26 January 2007

The Singapore hotel investment market set a new record in 2006 with seven hotel-related transactions in excess of Sin$1.5 billion. In addition, five sites, including the commercial/hotel Collyer Quay site, were sold for more than Sin$470 million under the Government Land Sales Program last year.
Mr. Scott Hetherington, Jones Lang LaSalle Hotels’ Managing Director in Asia, commented, “Singapore is undoubtedly one of the ‘hottest’ hotel investment markets in Asia Pacific last year. The upturn in hotel trading performance has simultaneously attracted intense interest in Singapore hotel assets and enticed some hotel owners to capitalise on the aggressive investor market. 2006 has been an exceptional year for Singapore’s hotel investmen market.”

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