Own a hotel in Singapore at a palatable and low entry point of $14 million

January 14, 2025 3:00 PM SGT

The hotel sits on a 2-storey property, with a newly constructed 4-story rear extension. (For illustration purposes only) (All pictures by Eva Lau)

SINGAPORE (EDGEPROP) – A freehold 15 loft-room hotel at 739-1 Geylang Road in District 14 is available for sale for $14 million. This 2-storey property, complemented by 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.

One of the most compelling aspects of this hotel is its permanent ‘Hotel’ zoning and usage approval, a rare and highly sought-after designation for new conservation shophouses usage conversion in Singapore. This approval enhances the property's long-term investment appeal and operational flexibility. Furthermore, its prime location, within a 5-minute walk of the Paya Lebar MRT station, provides unparalleled connectivity. Paya Lebar MRT is a dual-line station, serving both the East-West line and Circle line, thus offering guests seamless access to various parts of Singapore.

The hotel, designed with a sophisticated Japandi theme, is currently under construction and set to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price is comprehensive, including all construction and renovation costs, ensuring that the property is ready for immediate operation upon purchase. This makes it an ideal turnkey investment for those looking to enter or expand their presence in the hospitality sector.

For investors, this property presents a particularly attractive proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This provides an opportunity for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., expects the hotel to appeal to owner operators as those who wish to own and operate the hotel themselves will benefit from major renovations, allowing for a quick and seamless commencement of operations.

The demand for hospitality assets in Singapore has steadily increased over the past year. Notable recent transactions include LHN Group’s acquisition of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Earlier last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These trends highlight the strong appetite for well-located, high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information,

Contact Eva Lau | 92785688

SENIOR MARKETING DIRECTOR (R062169F)

ERA REALTY NETWORK PTE LTD

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Hotel