Chart of the Day: Investment sales in private commercial, hotel sector jumped to $6.8b

Guess what is the biggest deal in the period.

According to Knight Frank, total investment sales in the private commercial and hotel sector was robust at $6.8 billion in 3Q 2013 with a number of large retail and hotel investment transactions. 

As visitor arrivals to Singapore increase and are likely to achieve the target 17 million mark by end of this year, investor sentiment in the hotel sector continued to stay robust. Out of 3Q 2013 total commercial and hotel investment sales value, pure hotel investment sales comprised 24.6 per cent at $1.7 billion; and mixed commercial and hotel investment sales comprised 17.1 per cent at $1.16 billion.

Here's more from Knight Frank:

3Q 2013 saw the largest commercial investment deal when Paragon was transacted at $2.5 billion. Other prominent transactions include Grand Park Orchard Hotel (including the retail podium Knightsbridge) at $1.16 billion, purchased by the Du Family in China via a Singapore-incorporated vehicle, Bright Ruby Resources. 

Other major hotel developments transacted in 3Q 2013 were Gallery Hotel purchased at $232.5 million by RB Capital, The Sentosa Resort & Spa at $210.9 million by Royal Group Development, and Hotel 1929 at $35 million by a company owned by Cheong Keng Hooi.