Prime hotel, retail and rental accommodation sectors are expected to perform strongly next year in Singapore, according to Savills. The tourism rebound is seen as the major driver of opportunities in premium hotels and quality retail outlets. Savills remains bullish on Singapore's prime rental residential segment.
A reduction in borrowing costs bodes well for investors in the Lion City. Prime hotel, retail and rental accommodation sectors are expected to perform strongly next year in Singapore , according to Savills. In its World Research 2024 outlook, the property consultancy firm pointed to the tourism rebound as the major driver of opportunities in premium hotels and quality retail outlets in the coming year.
It said that core and core plus investors can tap the top tourist destinations in the Lion City, as well as Australia and Southern Europe. Savills said it remains bullish on Singapore’s prime rental residential segment as the robust housing demand continues to outstrip supply of rental homes in the market. Other markets offering premium multifamily opportunities include Japan, Germany, Spain, Italy and the UK. “Market consensus has it that the interest rate cycle has peaked and may decline sometime in the next few quarter
Singapore Hotel Retail Rental Accommodation Tourism Opportunities Prime Residential Market Demand Supply Multifamily Interest Rate
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