Deals
Singapore Hotels Lure Buyers With Asia’s Best Rates: Real Estate
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Mamoru Kohda, who scouts the globe for properties for Japan’s Daisho Co., began looking for a hotel in Singapore in early 2013. Within a year, the property investor and developer had acquired the newly opened Westin in the island-state’s financial district for a record price.
“Singapore’s hospitality market will continuously grow, supported by tourists and corporate travelers,” Kohda, a director at Daisho Development Singapore Pte in Brisbane, Australia, said in a phone interview. He travels the world seeking assets for the company, which has more than $1.5 billion in property holdings.