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BIG PLANS: Crescendas’ hotel site on Wellington Street backs on to Fragrance Group’s development site on Murray Street. Photo: Attila Csaszar

Singapore investors chase Perth property

Singaporean investors are driving a flurry of offshore activity in Perth’s commercial, hotel and residential property sectors. 
Singapore is firming as a significant source of capital for Perth-based property players, as developers and private equity fund managers from the South-East Asian country increasingly look for Western Australian assets to add to their investment portfolios.

The latest move was by Singaporean hospitality group Crescendas, which recently lodged a development application with the City of Perth for a $47 million, 23-level hotel at 609 Wellington Street.

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