A rare opportunity has emerged for investors in the hospitality sector in Singapore. A freehold 15 loft-room hotel, situated at 739-1 Geylang Road in District 14, is now available for sale at a price of $14 million. This two-storey property, with a newly constructed 4-storey rear extension, occupies a 1,273 sq ft site and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.
What makes this hotel stand out is its permanent ‘Hotel’ zoning and usage approval. This rare and highly sought-after designation for new conservation shophouses conversion in Singapore enhances the property’s long-term investment appeal and allows for operational flexibility. Its prime location, just a 5-minute walk from Paya Lebar MRT station, also offers unbeatable connectivity. Paya Lebar MRT is a dual-line station, serving both the East-West line and Circle line, providing guests with seamless access to various parts of Singapore.
The hotel, designed with a sophisticated Japandi theme, 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, ensuring that the property is ready for immediate operation upon purchase. This presents an excellent turnkey investment opportunity for those looking to enter or expand their presence in the hospitality sector.
The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and convenience that appeals to both locals and foreigners. These residences are equipped with a variety of facilities, including swimming pools, fitness centers, and security measures, elevating the standard of living and making them a sought-after choice for prospective renters and owners. For investors, these amenities equate to higher rental profits and an appreciation in property value over time. As such, Singapore Condo becomes a highly coveted investment opportunity.
For investors, there is an added advantage as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This offers the opportunity for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., expects the hotel to attract owner-operators as the major renovations will allow for a quick and seamless commencement of operations.
In 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. Additionally, last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million, and Hotel JJH, a 25-room property at 747 North Bridge Road, is now 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, Senior Marketing Director (R062169F) of ERA Realty Network Pte Ltd.