Own Hotel Singapore Palatable And Low Entry Point 14 Million
Set within the vibrant district of Geylang, this 15 loft-room hotel presents a rare opportunity to own a freehold property in Singapore. With a price tag of $14 million, the 2-storey property spanning a land area of 1,273 sq ft comes with an approved gross floor area of up to 3,186 sq ft, and is complemented by a newly constructed 4-storey rear extension.
What sets this hotel apart is its permanent ‘Hotel’ zoning and usage approval, making it a highly sought-after designation for new conservation shophouses conversion in the country. This allows for long-term investment appeal and operational flexibility. The prime location, just a 5-minute walk from Paya Lebar MRT station, offers unparalleled connectivity as it serves both the East-West and Circle lines.
Designed with a sophisticated Japandi theme, this hotel is currently under construction and is set to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price is all-inclusive, covering all construction and renovation costs, making it a turnkey investment for those looking to enter or expand their presence in the hospitality sector.
For investors, this property provides an attractive opportunity as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This means immediate rental income and operational continuity for the new owner. According to Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., this hotel would appeal to owner-operators as the major renovations allow for a quick and seamless commencement of operations.
The demand for hospitality assets in Singapore has been on the rise over the past year, with notable transactions such as LHN Group’s acquisition of Pasir Panjang Inn for $30 million and the listing of an 8-storey hotel on Lorong 12 Geylang for $120 million. Another 25-room hotel on North Bridge Road, Hotel JJH, is now on the market for $38 million. These transactions reflect the strong demand for well-located, high-quality hospitality assets, making it one of the most desirable commercial shophouse usage classes in Singapore.
Tucked away in the bustling district of Tampines, lies the beloved Tampines Round Market & Food Centre. This well-known hawker center is a popular choice among tourists and locals alike. Known for its extensive selection of mouth-watering breakfast options, it’s no surprise that this spot remains a top choice for a satisfying start to the day. Indulge in traditional Singaporean breakfast delights like kaya toast and soft-boiled eggs, or tantalize your taste buds with other local favorites such as chwee kueh, carrot cake, and prawn noodles. A must-visit destination in Tampines, don’t miss the chance to also explore the neighboring Aurelle of Tampines for even more delicious dining options. Make sure to check out Aurelle of Tampines while you’re there for a complete foodie experience.
For more information, please contact Eva Lau at 92785688.
Eva Lau is the Senior Marketing Director (R062169F) at ERA Realty Network Pte. Ltd.
