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The weight of capital chasing investment grade hotel assets in Asia’s established tourism markets (Singapore, Hong Kong and Tokyo) has underpinned solid growth in sales activity over H1 2013.
Japan in particular recorded stronger sales activity over previous years, on the back of the widespread view that local market fundamentals had improved. Overall, the growing number of transactions, including those at the portfolio level, and improved investor sentiment are translating to more sales, albeit in the larger Asian cities over the newly emerging markets of the region where some investor concern still remains.
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02 July 2013