Fortuna Hotel in Farrer Park for sale at $98.8 mil
By Charlene Chin
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - Fortuna Hotel, a 106-key hotel at 2 Owen Road, is for sale at a guide price of $98.8 million, or $2,060 psf on gross floor area (GFA), according to CBRE, which is marketing the property.
Fortuna Hotel (Credit: CBRE)
The hotel occupies a freehold site of 8,332 sq ft. It is located at a junction along Owen Road and Serangoon Road, and next to Farrer Park MRT Station. Based on URA’s Master Plan 2019, the site is zoned “Hotel” with a gross plot ratio of 3.0.
The property spans seven storeys with an estimated GFA of 47,990 sq ft, offering 106 rooms with sizes of 17 to 49 sq m (183 to 527.4 sq ft). There are one restaurant and four retail shops on the first storey, and a basement carpark.
Foreigners are eligible to purchase the subject property and there will be no imposition of additional buyer’s stamp duty or seller’s stamp duty.
The public tender exercise will close on Dec 10 at 3pm.
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