Sector benefits from the Republic being a regional education and business hub, but rising costs, economic headwinds and evolving policy could affect demand
Separately, Macau’s Loi family is selling units in Holland Road Shopping Centre and its car park for S$84 million; CDL and MCL Land said to be divesting Piccadilly Galleria to Koufu
Asset manager Aravest, a unit of Sumitomo Mitsui Finance and Leasing, is tipped as the buyer and is expected to rope in an international hotel management group