Own Hotel Singapore Palatable And Low Entry Point 14 Million
A 15-room freehold hotel located at 739-1 Geylang Road in District 14 is now up for sale for $14 million. This two-storey property, along with a newly added 4-storey extension, sits on a 1,273 sq ft land and has an approved gross floor area (GFA) of up to 3,186 sq ft.
The hotel’s most attractive feature is its permanent ‘Hotel’ zoning and usage approval, a rare and highly coveted designation for new conservation shophouses converted for hotel use in Singapore. This brings significant investment prospects and operational flexibility to the property. Moreover, its prime location, within a 5-minute walk from Paya Lebar MRT station, offers optimum connectivity. Paya Lebar MRT is a dual-line station, servicing both the East-West line and Circle line, providing guests with seamless access to different parts of the city.
The hotel, built with a modern Japandi theme, is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The price listed for the sale is comprehensive, covering all construction and renovation costs, ensuring that the property is all set for immediate operation upon purchase. This makes it a perfect turnkey investment opportunity for those interested in stepping into the hospitality sector.
For investors, this property presents a highly attractive proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This offers an opportunity for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., expects this hotel to appeal to owner-operators as they will have the benefit of starting their operations quickly and smoothly with the major renovations already done.
The demand for hospitality properties in Singapore has been on a steady rise over the past year. Some notable recent transactions include the acquisition of Pasir Panjang Inn, a 16,626 sq ft site, by LHN Group for $30 million. Another 8-storey hotel at 12 Lorong 12 Geylang was also listed for sale last year for $120 million. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These developments highlight the strong demand for well-located, high-quality hospitality properties, 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 of ERA Realty Network Pte. Ltd. (R062169F).
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