{"id":38403,"date":"2024-07-11T21:31:58","date_gmt":"2024-07-11T14:31:58","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=38403"},"modified":"2024-07-11T21:49:33","modified_gmt":"2024-07-11T14:49:33","slug":"news-roundup-tuan-sing-holdings-limited-to-rebrand-hyatt-regency-perth-and-more-news","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/news-roundup-tuan-sing-holdings-limited-to-rebrand-hyatt-regency-perth-and-more-news\/","title":{"rendered":"News roundup: Tuan Sing Holdings Limited to rebrand Hyatt Regency Perth, and more news"},"content":{"rendered":"
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EQRoy\/Shutterstock<\/figcaption><\/figure>\n

For PropertyGuru\u2019s real estate news roundup, Tuan Sing Holdings Limited will re-position and rebrand Hyatt Regency in Perth following the termination of the hotel management agreement. In other updates, the International Monetary Fund (IMF) projects Vietnam\u2019s economy to expand close to 6 percent in 2024. And Dubai recorded the highest volume and value of transactions ever in the second quarter of 2024.<\/p>\n

Tuan Sing Holdings announces reposition and rebranding of Hyatt Regency Perth<\/b><\/p>\n

Tuan Sing Holdings Limited, together with its subsidiaries, announced on 1st July that its indirect wholly-owned subsidiary, HR Operations Pty Ltd (\u201cHRO\u201d), has entered into a deed of termination and release with Hyatt of Australia Limited (\u201cHyatt\u201d) and Hyatt Services Australia Pty Limited (\u201cHyatt Services\u201d) for the management of Hyatt Regency in Perth, Western Australia.<\/p>\n

The Hotel Conversation<\/a> reports that the property will be re-positioned and rebranded following the termination of the hotel management agreement.<\/p>\n

Hyatt Regency Perth will cease to be a Hyatt-managed hotel on 31st August 2024.<\/p>\n

IMF projects Vietnam\u2019s growth at nearly 6 percent this year<\/b><\/p>\n

The Vietnamese economy is likely to expand by close to 6 percent in 2024, driven by a recovering export sector, robust foreign direct investment, and policy support, the International Monetary Fund (IMF) said on 26th June.<\/p>\n

It held that exports, a key economic driver, could weaken if global growth disappoints, global geopolitical tensions persist, or trade disputes intensify.<\/p>\n

\u201cDomestically, persistent weakness in the real estate sector and corporate bond market could weigh more than expected on banks\u2019 ability to expand credit\u201d, the IMF said in VietnamPlus<\/a>.<\/p>\n

Dubai recorded the highest volume and value of real estate transactions in Q2<\/b><\/p>\n

Dubai recorded the highest volume and value of transactions ever in the second quarter (Q2), with a total of 43,522, a 45 percent increase over Q2 2023.<\/p>\n

The value of transactions increased by 37 percent, reaching AED124.4 billion (USD33.9 billion), according to Property Finder<\/a>. Market volume peaked, surpassing the previous high of 17 percent in Q1 2024, while transaction values increased by 2 percent from the previous peak in Q4 2023. On the other hand, Abu Dhabi saw over 2,489 transactions totalling nearly AED6.7 billion.<\/p>\n

The Property Report editors wrote this article. For more information, email: <\/i>propertyreport@propertyguru.com<\/i><\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

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