Investors flock to Singapore to meet growing demand

Investors are gravitating to Singapore because of a high number of leisure an corporate visitors and a scarcity of properties to buy. According to Businessweek, tourist arrivals in Singapore are set to hit a record high, and daily room rates are outpacing those in Tokyo and Hong Kong.

"Eleven hotels valued at S$2.45 billion ($1.95 billion) were sold in Singapore last year, four times the total in 2012, according to deals tracked by property broker Savills Plc.," the article reports. 

Visitor arrivals are set to grow by as much as 8 percent from 2013, and revenue may climb by as much as 5 percent, according to the Singapore Tourism Board.


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