Pacific Eagle Real Estate has bought a Shanghai luxury hotel from cash-strapped Chinese developer Dalian Wanda Group as the Singapore-based family office expands its property investments.
At least 10 billionaires, including the likes of Hong Kong’s Pansy Ho and Indonesia’s Sukanto Tanoto, are now investing more than S$6 billion ($4.4 billion) to build new hotels and expand their operations across the city-state.
The travel industry is at its busiest yet, and we’re not surprised. With this new thirst is, of course, brand new hotels in Singapore, many of which have mushroomed in the first half of 2023. More notable properties are also slated to open their doors before the year ends. Singapore has always been a popular travel destination. And the city-state will see overseas visitors arriving for both leisure and business purposes. Music concerts in Singapore hosted by celebrated global musicians like Tayl
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