Bangkok’s ‘La Grande Dame’ hotel wins three prestigious global awards, plus other stories

For PropertyGuru’s real estate news roundup, Mandarin Oriental, Bangkok, known and loved as Bangkok’s ‘La Grande Dame’, has been honoured with three prestigious global accolades. In other updates, find out what to expect from Singapore’s interest rate movements for the rest of 2024. Lastly, a leafy slice of paradise in Tasmania’s northeast caused a nationwide buzz when it sold for AUD2.45 million.

Iconic Mandarin Oriental Bangkok claims a trio of prestigious global awards

In recognition of its longstanding reputation for legendary service, mastery of its craft, and relentless commitment to excellence, Mandarin Oriental, Bangkok has been honoured with three prestigious global accolades.

The storied property on the banks of the Thai capital’s Chao Praya River, known and loved as Bangkok’s ‘La Grande Dame’, was named the World’s Best Hotel by The Daily Telegraph newspaper in the United Kingdom, awarded the highest possible score of three keys by the Michelin Guide, and also named as one of the World’s 50 Best Hotels.

Anthony Tyler, General Manager of Mandarin Oriental, Bangkok, commented in The Hotel Conversation: “To win one of these prestigious global awards is a true honour, but three represents an unprecedented endorsement of our historic hotel. In 148 years since The Oriental opened, the focus has remained the same, namely to offer our guests the most exceptional experiences supported by legendary hospitality and a tradition of unrivalled service.”

Will Singapore interest rates for home loans go down in 2024?

Singapore’s interest rates for home loans have been falling since reaching highs at the end of 2022. While we know the answer to “Will interest rates go down in 2024?” is a resounding “yes,” the question remains, “How much will mortgage interest rates in Singapore come down by?”

Mortgage interest rates in Singapore will likely fall further in 2025, with the four US Fed interest rate cuts expected in the coming year. The benchmark rate is expected to be at 4.1 percent by the end of 2025.

PropertyGuru Singapore reports on what we can expect from Singapore’s interest rate movements for the rest of 2024.

Small town, big interest for coastal tourism assets in Tasmania

​​A leafy slice of paradise in Tasmania’s northeast has caused a nationwide buzz among those hoping to secure a piece of the state’s tourism pie.

realcommercial.com.au reports that the Tomahawk Caravan Park was listed for sale with Justin Goebel of Justin Goebel Property Sales and sold for AUD2.45 million. Mr Goebel described the caravan park as “definitely a unique sale”.

“It gained a lot of interest, which was quite surprising as the property had been on the market a couple of years ago with another agent — but had no luck selling it at that time, unfortunately,” he said. “This time, the park owner agreed to an offer about two weeks into being on the market. It attracted over 30 inquiries from WA, NSW, VIC, QLD and from Tasmanian buyers, too.”

Mr Goebel said the purchaser is not from Tasmania.

The Property Report editors wrote this article. For more information, email: [email protected].