Customers sit in restaurants at Quayside Isle in Sentosa Cove, Singapore. The city state’s hotel property market saw two major deals in the third quarter. Photo: Roy Issa

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

  • Kimberley Hotel in Tsim Sha Tsui was sold for HK$4.3 billion, 28 per cent lower than the asking price of HK$6 billion, market observers said.
  • Hotel transactions in Singapore surged by 545 per cent quarter on quarter to S$2.8 billion in the three months to September
Topic |   Hong Kong property

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Customers sit in restaurants at Quayside Isle in Sentosa Cove, Singapore. The city state’s hotel property market saw two major deals in the third quarter. Photo: Roy Issa
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