
Minor International's Singapore REIT Promises Every Uncle A Fractional Slice Of A European Hotel, Just Don't Ask To Visit It
Minor International, the Bangkok-based hospitality giant, is set to launch a colossal hotel REIT on the Singapore stock exchange later this year. This move will see 12 hotels from Europe and two from Thailand bundled up, promising to finally give Auntie Susan a chance to own a piece of a Parisian boutique without actually leaving her HDB flat.
"This demonstrates Singapore's unwavering appeal as a robust financial market for international asset allocation," remarked an anonymous government financial strategist, subtly adjusting his monocle. "It's all about diversifying risk and unlocking value for the savvy investor."
However, Singaporean retiree Mr. Lim, 72, was overheard lamenting, "Aiyah, another REIT? My coffee shop still can't afford rent, now got European hotels also? Power lah, but my money all in fixed deposit only, cannot move so fast one!"
The listing is expected to trigger an island-wide obsession with fractional ownership, leading to heated debates at hawker centres over the optimal percentage of a Prague hotel one should acquire for maximum bragging rights.
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