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Hotels a bright spot for Singapore property groups, for now

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Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Nov 24, 2022 · 05:50 AM
    • An artist's impression of the proposed hotel that will come up on the Faber House site along Orchard Road. Developer UOL is among the beneficiaries of a recovery in Singapore's tourism industry.
    • An artist's impression of the proposed hotel that will come up on the Faber House site along Orchard Road. Developer UOL is among the beneficiaries of a recovery in Singapore's tourism industry. PHOTO: UOL

    THE hotel and serviced-apartment sector was the only segment of the Singapore property market that elicited a strong positive outlook from respondents in the latest survey for the Real Estate Sentiment Index.

    The sector recorded the only significant positive future net balance, +68 per cent, for the Q3 2022 survey, reflecting respondents’ outlook over the next six months.

    This certainly sounds like good news for listed groups with significant exposure to the Singapore hotel market, such as CDL Hospitality Trusts (CDLHT), Far East Hospitality Trust , OUE Commercial Reit and UOL Group .

    Hock Lock SiewHotelsSingapore propertySingapore tourismTourismCommercial property

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