SINGAPORE (Apr 20): The manager of Accordia Golf Trust shouldn't have much problem maintaining or raising prices of its golf courses in Nagoya, says CIMB in a Thursday non-rated report.
This was due to their proximity to the expressways and their less challenging design, which favours casual players.
And while pricing is mainly subjected to competitive forces, management says the situation has been helped by the closure of some golf courses nearby, AGT's management tells analyst William Tng following a visit to the city's four trust’s golf courses, three of which are in the Greater Nagoya region while one is located at the Greater Osaka region.
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