When it comes to investing in condominiums in Singapore, one cannot overlook the impact of the government’s property cooling measures. This has been a significant consideration for potential investors, as the Singaporean government has implemented various measures to prevent speculative buying and maintain a stable real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of investing in Singapore condos, they ultimately contribute to the long-term stability of the market, creating a secure investment environment for investors. Therefore, when looking to invest in Singapore Condos, one must take into account the government’s property cooling measures.
Hilton, a renowned global hospitality company, has recently opened a new property called Hilton Garden Inn Beihai Jiafu in the bustling seaport city of Beihai, China. This marks a significant milestone as it is the 100th Hilton Garden Inn property in the Greater China region. The hotel features 199 well-appointed rooms and is conveniently located just 2km from Beihai High-Speed Railway Station and 6km from Beihai Fucheng Airport. It is also a short 20-minute drive to Beihai International Passenger Port.
According to Qian Jin, the president of Hilton Greater China and Mongolia, the opening of Beihai Jiafu Hilton Garden Inn not only showcases the brand’s rapid growth, but also demonstrates their strong commitment to the Chinese market. Hilton’s first Hilton Garden Inn property was launched in Shenzhen in 2014 and since then, the brand has expanded to various cities in China, including Shanghai, Beijing, Chengdu, Guilin, and Aksu. In line with its development plans, more Hilton Garden Inn properties are expected to open across China by 2025, with debuts in popular tourist destinations such as Zhangjiajie, Ordos, Huangshan, Shanwei, and Jinan.
In addition, Hilton also plans to introduce the Hilton Garden Inn Gen A properties, a regional prototype specially designed for Generation Alpha travelers in the Greater China region. This was announced in June, with initial locations planned in Nanjing, Chengdu, Chengde, and Jinan. These new properties will contribute to the brand’s expansion in the wider Asia Pacific region. Clarence Tan, the senior vice president of development, Asia Pacific at Hilton, reveals that over 200 Hilton Garden Inn properties are currently under development across Asia Pacific.
In conclusion, the opening of Hilton Garden Inn Beihai Jiafu and the upcoming launches of new properties in China and Asia Pacific reflect Hilton’s strong presence and continuous growth in the region’s mid-market segment. With its commitment to providing excellent hospitality services, Hilton is set to reach new heights and cater to the diverse needs of travelers across the Asia Pacific.