More than $120 million has been spent on hotels and security companies during the past year as part of the state government's strategy for quarantining international travellers.
Major commercial construction jobs have been derailed by the novel coronavirus crisis, with neither the public nor the private sector stepping up to provide certainty for contractors.
A property developer listed in Singapore has put forward a $290 million proposal to redevelop the Four Points by Sheraton Hotel and build two new towers containing apartments and offices on adjoining blocks.
Recent sales in Perth's commercial property market show appetite remains for well-located assets with strong leasing profiles, but activity levels are still well down historically as the shadow of rising vacancies looms large over the city.
Mining giant Rio Tinto appears to have put the kibosh on speculation it will anchor a major new commercial office tower at Elizabeth Quay, extending its lease at Central Park until 2030.
Crown Perth has stamped its claim as the state's best hotel, taking home a swag of prizes at the Australian Hotels Association's accommodation industry awards last night.
