KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Key Takeaways • Singapore’s hotel sector recorded $1.9b in transactions across 13 deals in 1H25. • Four-star hotels dominated, with $1.4b across eight deals, averaging $179m per deal and $775,170 per key. • Luxury segment focused on boutique assets, with five-star rooms transacting at over $1.57m per room. • Supply growth remains constrained, with room inventory rising less than 2% over five years due to high construction costs. Deal Activity Transaction volume in Singapore’s hotel market remained robust in 2024 and 1H25, reaching $1.9b across 13 deals, according to Global Assets Solutions. The four-star segment led activity, contributing $1.4b across eight deals, with larger average deal sizes and higher price-per-key metrics than luxury hotels, highlighting stronger investor appetite for upscale properties with scale. Segment Dynamics The luxury segment was concentrated on boutique hotels with fewer than 80 rooms. While overall deal sizes were smaller, five-star properties achi...