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More Asians investing in European hotels

CBRE research attributes this to a relaxation of domestic controls on outbound funds

Singapore

ASIAN investment in European hotels is forecast to rise by 58 per cent to hit US$22.7 billion (S$30.7 billion) this year, driven by the increasing liberalisation of domestic controls governing outbound investment, CBRE research has found.

This follows last year's 90 per...

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