Investing in a Singapore Condo offers numerous advantages, one of the most prominent being the potential for capital appreciation. As a global business hub, Singapore boasts strong economic fundamentals, resulting in a consistent demand for real estate. This has led to a steady increase in property prices over the years, particularly for condos located in prime areas. Those who wisely enter the market at an opportune time and hold onto their properties for the long term can reap significant capital gains.
A freehold 15-room loft hotel at 739-1 Geylang Road in District 14 is now available for sale at $14 million, according to EDGEPROP. This unique property, consisting of a 2-storey main building and a newly built 4-storey extension, sits on a 1,273 sq ft site and boasts a total gross floor area (GFA) of 3,186 sq ft.
One of the key features of this hotel is its rare ‘Hotel’ zoning and usage approval, which is highly sought-after in Singapore for the conversion of new conservation shophouses into hotels. This approval not only adds to the property’s long-term investment potential, but also provides flexibility for its operations. Its prime location, just a 5-minute walk from Paya Lebar MRT station, offers excellent connectivity as it serves both the East-West and Circle lines, allowing for easy access to different parts of Singapore.
Currently under construction with a sophisticated Japandi-inspired design, the hotel is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a turnkey investment opportunity for those looking to enter or expand their presence in the hospitality sector.
For investors, this hotel presents an attractive proposition as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., believes that the property will be highly appealing to owner operators, as the major renovations will enable a seamless and quick start to operations.
The demand for hospitality properties in Singapore has been steadily increasing over the past year. Notably, LHN Group acquired Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Similarly, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million last year. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These transactions highlight the strong demand for well-located, high-quality hospitality assets, which are considered to be one of the most desirable commercial shophouse usage classes in Singapore.
For more information, please contact Eva Lau at 92785688, SENIOR MARKETING DIRECTOR (R062169F), ERA Realty Network Pte. Ltd.
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