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Knight Frank is appointed as the exclusive agent for the sale that consists of a 4-star freehold hotel that provides two separate buildings – Ferringhi Tower and the Beach Wing which includes an additional 7.69 acres of development land with fantastic views of the breath-taking Andaman Sea. James Buckley, Executive Director, Capital Markets Knight Frank and Mark Saw Knight Frank Penang have been appointed exclusive marketing agents.
The report finds that now is the opportune time to acquire strata-title office and provides recommendations for investors and end-users to leverage the price and rental corrections to enter the strata-market.
Asset yields across Asia Pacific face further compression in 2021, with tightening expected across various real estate asset classes and pricing adjustments in major metropolitan areas.
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