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Singapore draws $546m in hotel deals with safe haven appeal

Hotel investment volume across Asia Pacific reached $4.7b in H1 2025, down by 23% YoY.

Singapore attracted $546m in hotel investments in the first half of 2025, ranking fourth among Asia Pacific markets, according to real estate firm JLL.

Despite a broader regional slowdown, the city-state’s stable hospitality fundamentals and appeal as a safe haven market kept capital flowing.

Overall, hotel investment volume across Asia Pacific reached $4.7b in H1 2025 — a 23% drop compared to the same period last year.

However, just five countries accounted for 84% of that total: Japan led with $1.5b, followed by Greater China ($744m), Australia ($664m), Singapore, and South Korea ($504m).

Singapore’s Average Daily Rate (ADR) remained above pre-pandemic 2019 levels, whilst occupancy rates held steady year-to-date.

Private equity investments in the sector rose 6% YoY, whilst HNWIs increased their hotel exposure by 54% over the same period.

JLL forecasts full-year Asia Pacific hotel transaction volume to hit $12.8b in 2025 — a 5% uptick from 2024 — as deal pipelines clear in the second half of the year. Liquidity is expected to remain strongest in Japan, Australia, Greater China, Singapore, and South Korea.

 

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