SEA hotel residences property market surges with value of US$16 billion
Over 28,000 hotel branded units on the back of nearly 120 projects currently for sale across the region.
Southeast Asia’s property escalation has created a foothold in both traditional resort locations and a growing number of cities alike for hotel affiliated real estate. While Asia domesticated its real estate sector after the global financial crisis, the latest progression has attracted an increasingly high volume of top tier developers putting up large scale projects. Thailand, Indonesia, and Vietnam are sitting atop of the numbers game, followed by Malaysia and Philippines, with the latter taking a decidedly urban approach to properties. One key factor pushing city projects is land prices.
Our forecast calls for an increasing number of developers seeking international hotel group affiliations given the demonstrated brand premium in selling prices between 20-30% and the connection with associated hospitality assets.”
Bill Barnett, Managing Director, C9 Hotelworks
For more information http://www.c9hotelworks.com/downloads/southeast-asia-hotel-residences-2015-10.pdf