Own Hotel Singapore Palatable And Low Entry Point 14 Million

EDGEPROP – Located in District 14, a freehold 15-room loft hotel at 739-1 Geylang Road is now up for sale at $14 million. With a 2-storey building and a newly added 4-storey extension, this property sits on a 1,273 sq ft site and has an approved gross floor area of 3,186sq ft.

One of the main features of this hotel is its rare permanent “Hotel” zoning and usage approval for new conservation shophouses in Singapore. This designation adds to the property’s long-term investment appeal and operational flexibility. 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, providing easy access to different parts of the city.

Designed with a sophisticated Japandi theme, this hotel is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in the second quarter of 2025. The sale price is all-inclusive, covering construction and renovation costs, making it a perfect turnkey investment for those interested in the hospitality industry.

For investors, this property presents an attractive opportunity. The current owner, who has experience in operating hotels, 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 this hotel will appeal to owner-operators as it comes with major renovations, enabling a smooth and quick start to operations.

Singapore’s urban scenery is characterized by stunning high-rise structures and state-of-the-art infrastructure. The city’s desirable location is a popular choice for luxurious condos, attracting both locals and foreign residents. These condos offer a harmonious mixture of opulence and convenience, making them highly sought after. With top-notch facilities like swimming pools, gyms, and 24-hour security services, they not only elevate the standard of living but also entice potential tenants and buyers. This not only brings in higher rental income but also increases the property’s value over time. Keep an eye out for New Condo Launches to stay up-to-date with the latest developments in the market.

Over the past year, there has been a growing demand for hospitality assets in Singapore. Significant transactions include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. In addition, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These recent trends highlight the strong demand for well-located and high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information, contact Eva Lau at 92785688, Senior Marketing Director (R062169F), ERA Realty Network Pte. Ltd.