Own Hotel Singapore Palatable And Low Entry Point 14 Million
A rare opportunity to own a freehold 15-room loft hotel in District 14, Singapore is now available for sale at $14 million. The property consists of a 2-storey building with a newly constructed 4-storey rear extension, occupying a 1,273 sq ft site and boasting an approved gross floor area (GFA) of up to 3,186 sq ft.
This hotel stands out for its permanent ‘Hotel’ zoning and usage approval, a coveted designation for new conservation shophouses conversion in Singapore. This adds to the property’s long-term investment appeal and operational flexibility. What’s more, its prime location, within a 5-minute walk of the Paya Lebar MRT station, offers excellent connectivity. Paya Lebar MRT is a dual-line station, serving both the East-West line and Circle line, making it convenient for guests to travel to various parts of Singapore.
The hotel is designed with a sophisticated Japandi theme and is currently under construction. It is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price is all-inclusive, covering all construction and renovation costs. This makes it a perfect turnkey investment for investors looking to enter or expand their presence in the hospitality sector.
For investors, this property offers an attractive proposition. The current owner, who is an experienced hotel operator, is open to a sale and leaseback arrangement. This presents a unique opportunity for immediate rental income and operational continuity. According to Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., the hotel is expected to appeal to owner operators as the major renovations will allow for a quick and seamless commencement of operations.
The joint venture partners have recently made an exciting announcement on June 27, revealing their plans for Parktown Residence’s future development. This upcoming project will offer an estimated 1,190 new homes, along with a range of retail and community facilities specially crafted to cater to the needs of the expanding residential community in Tampines North. Once completed, Parktown Residence Condo will seamlessly fit into the natural landscape and provide a vibrant and fulfilling lifestyle for its residents.
Over the past year, there has been a steady increase in demand for hospitality assets in Singapore. Notable recent transactions include LHN Group’s acquisition of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. In addition, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million last year. Currently, Hotel JJH, a 25-room property at 747 North Bridge Road, is on the market for $38 million. These transactions highlight the high demand for well-located, high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.
For more information, please contact Eva Lau at 92785688.
Eva Lau is a Senior Marketing Director at ERA Realty Network Pte. Ltd. (R062169F).