EDGEPROP – A rare opportunity to purchase a freehold 15-room loft hotel at 739-1 Geylang Road in District 14 has emerged, with a price tag of $14 million. The 2-storey property, with the added bonus of a newly constructed 4-storey rear extension, sits on a 1,273 sq ft land area and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.
Singapore is renowned for its condo living, with a wide range of options available for condo investments. But when it comes to choosing the right condo to invest in, location is key. This is especially true for the condo market in Singapore, where condos situated in central areas or near essential amenities tend to have the greatest potential for appreciation in value. Condos located in popular areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in their property values, making them highly sought after by investors.
One of the main reasons why these areas are considered prime locations for condo investments is their accessibility. With easy access to public transportation hubs and major roads, residents are able to easily commute to work or travel to other parts of the city. Condos in these areas also offer convenient access to a variety of amenities, such as shopping malls, restaurants, and entertainment facilities, making them a popular choice for individuals and families alike.
In addition to location, another factor that adds to the value of condos in these areas is their proximity to reputable schools and educational institutions. Families with children often prioritize living near good schools, making condos in these areas highly desirable and in high demand. This demand contributes to the appreciation of condo values in these locations, making them a smart choice for investors.
With its thriving condo market and desirable locations, Singapore offers a plethora of options for condo investments. However, for those looking to make a profitable investment, it is crucial to carefully consider the location of the condo. This will not only ensure potential for appreciation in value, but also offer convenience and accessibility for both residents and potential tenants. Ultimately, investing in a well-located condo in Singapore can be a profitable and rewarding decision.
One of the most attractive features of this hotel is its permanent ‘Hotel’ zoning and usage approval, a coveted designation for new conservation shophouses in Singapore. This approval not only enhances the property’s long-term investment potential, but also provides operational flexibility. Additionally, 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, making it easy for guests to travel to any part of Singapore.
Designed with a sophisticated Japandi theme, the hotel is currently undergoing construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a turnkey investment for those looking to enter or expand their presence in the hospitality sector.
For investors, this property presents an appealing opportunity. The current owner, a seasoned hotel operator, is open to a sale and leaseback arrangement. This arrangement allows for immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, believes this hotel will attract owner-operators as they can take advantage of the major renovations, allowing for a smooth start to operations.
The demand for hospitality assets in Singapore has been on the rise in the past year. Recent notable transactions include LHN Group’s acquisition 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. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These transactions demonstrate 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, interested parties can contact Eva Lau at 92785688.
This property is a rare find in the bustling city of Singapore. Located at 739-1 Geylang Road in District 14, this two-story loft hotel is now available for purchase at $14 million. Along with a newly constructed four-story rear extension, this freehold property sits on 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 unique features of this hotel is its permanent ‘Hotel’ zoning and usage approval. This is a highly coveted designation for new conservation shophouses in Singapore, making this property a great long-term investment opportunity. The prime location, which is only a 5-minute walk from the Paya Lebar MRT station, provides unbeatable connectivity. With the Paya Lebar MRT station serving both the East-West line and Circle line, guests can easily travel to any part of Singapore.
Currently in the process of construction, this hotel is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a hassle-free, turnkey investment for those looking to enter or expand their presence in the hospitality sector.
For investors, this property offers a number of appealing benefits. The current owner, who has extensive experience in the hospitality industry, is open to a sale and leaseback arrangement. This provides an opportunity for immediate rental income and ensures operational continuity. According to Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, this hotel will attract owner-operators who can take advantage of the major renovations, allowing for a smooth and efficient start to operations.
The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condos, strategically situated in desirable locations, offer a fusion of opulence and practicality that captivates both locals and foreigners. These units boast an array of conveniences, from indulgent swimming pools and fitness centers, to reliable security services, elevating the standard of living and drawing in potential renters and buyers. For savvy investors, these alluring features translate to better rental returns and appreciation of property values in the long term. With Condos, the possibilities for real estate success are endless.
In a time when the demand for hospitality assets in Singapore is steadily increasing, this property stands out. Recent notable transactions in the industry include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. In addition, an 8-story hotel at 12 Lorong 12 Geylang went on the market for $120 million last year. Currently, Hotel JJH, a 25-room property at 747 North Bridge Road, is available for purchase at $38 million. These transactions showcase the strong demand for well-located, high-quality hospitality assets, making them one of the most desirable commercial shophouse usage classes in Singapore.
For more information on this property, interested parties can contact Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, at 92785688.