5Footway Inn lures backpackers mixing hip with historical
A hit with young tourists visiting the Lion City.
Top Global to grow hospitality business via M&A
Jennifer Chang, chief operating officer of property developer Top Global, describes the Singapore property scene as being at a “standstill” amid weak demand and a supply glut in the market. So, the group is charting a new course in hospitality. Earlier this year, it acquired a 35% stake in boutique hostel chain 5Footway Founders for S$2.5 million (RM7.2 million). And Chang says Top Global is on the lookout for similar acquisitions to grow its hospitality segment.
