26 Nov '13, 11am

More choices! Singapore adds 3500 hotel rooms over the last 12 months

The Singapore hospitality market witnessed two of the biggest deals undertaken in Asia over the last 12 months and also the addition of around 3,500+ rooms, according to Akshay Kulkarni, Regional Director of Cushman & Wakefield’s Hospitality sector group across South Asia and Southeast Asia. Despite this, operating numbers indicate almost no stress with capital values up, implying that consumers remain bullish about the market and expect an upside. Future demand will not be a problem since there is on-going supply coming into the market while rates have held firm, “which means that there is demand that has come in to absorb most of the new supply”, noted Kulkarni. “We think that this momentum will continue as Singapore is considered to be one of the most stable markets in the world.” “The steady growth in demand and supply will keep the operating numbers / parameters looki...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

URA: Draft Master Plan revealed - Property Auct...

propertyguru.com.sg 26 Nov '13, 9am

Nov 20, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singapore’s Urban Redevelopment Authority (UR...

Private rental market robust in Q3 - Property A...

propertyguru.com.sg 26 Nov '13, 6am

Singapore’s rental market performed strongly in the third quarter this year, with private residential leasing volumes incr...

Singapore raises growth forecast - Property Auc...

propertyguru.com.sg 26 Nov '13, 9am

The Singapore economy is expected to grow by 3.5 to 4.0 percent in 2013, an increase from the earlier forecast of 2.5 to 3...

IRAS: 95% of owner-occupied homes to pay lower ...

propertyguru.com.sg 27 Nov '13, 12pm

The majority of owner-occupied homes will pay lower property tax next year, the Inland Revenue Authority of Singapore (IRA...

#Singapore #GlobalREBubble 'Pace Of New Condo S...

propertyguru.com.sg 27 Nov '13, 5am

IRAS: 95% of owner-occupied homes to pay lower property tax Pace of new condo sales slows Leading luxury property show ret...

#Singapore #AUSBUBBLE #GlobalREBubble 'Melbourn...

propertyguru.com.sg 25 Nov '13, 6am

Nov 25, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Commercial property assets in Melbourne have ...

#GlobalREBubble #Singapore 'IRAS: 95% Of Owner-...

propertyguru.com.sg 27 Nov '13, 5am

The majority of owner-occupied homes will pay lower property tax next year, the Inland Revenue Authority of Singapore (IRA...

District Watch: D7 - Property Auctions News, Pr...

propertyguru.com.sg 26 Nov '13, 9am

District 7 is a colourful kaleidoscope of high-rise office buildings, old-world charm and a retail haven that exists in th...

Paterson Hill in Singapore was reported as the ...

propertyguru.com.sg 26 Nov '13, 10am

Paterson Hill in Singapore was recently listed by a Billionaire.com report as the world’s fifth most expensive street with...

New: Singapore Property News This Week #131

propwise.sg 27 Nov '13, 2pm

Under the Draft Master Plan 2013 of the URA, more townships that are green, healthy, connected and strong in community int...

David Beckham to make property debut in Singapo...

propertyguru.com.sg 28 Nov '13, 6am

This partnership will see the development of retail, leisure and dining concepts at Marina Bay Sands Singapore and Sands C...

David Beckham to make property debut in Singapo...

propertyguru.com.sg 28 Nov '13, 6am

This partnership will see the development of retail, leisure and dining concepts at Marina Bay Sands Singapore and Sands C...

David Beckham to make property debut in Singapo...

propertyguru.com.sg 28 Nov '13, 6am

This partnership will see the development of retail, leisure and dining concepts at Marina Bay Sands Singapore and Sands C...