A newly constructed 15-room boutique hotel located at 739-1 Geylang Road in District 14 is now up for sale at $14 million. This freehold property, spanning across two levels, has been complemented by a newly built 4-storey rear extension, and sits on a 1,273 sq ft site with an approved gross floor area of up to 3,186 sq ft.
One of the key highlights of this hotel is its permanent ‘Hotel’ zoning and usage approval, a rare and highly coveted designation for new conservation shophouses in Singapore. This designation not only adds to the property’s long-term investment appeal but also provides operational flexibility. Situated within a 5-minute walk to Paya Lebar MRT station, the hotel boasts unparalleled connectivity as it serves both the East-West line and Circle line, making it easy for guests to travel to various parts of Singapore.
Designed with a sophisticated Japandi theme, the hotel is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The asking price is inclusive of all construction and renovation costs, making 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 opportunity. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement, providing immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, believes that this hotel will appeal to owner-operators who want to run the business themselves, and with major renovations already completed, they can quickly start operations.
The demand for hospitality assets in Singapore has been on the rise over the past year, with notable transactions such as LHN Group’s purchase 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, and recently, Hotel JJH, a 25-room property at 747 North Bridge Road, has also been put on the market for $38 million. These transactions reflect the strong demand for well-located, high-quality hospitality assets, making them one of the most sought-after commercial shophouse usage classes in Singapore.
For more information, interested parties can contact Eva Lau at 92785688, Senior Marketing Director of ERA Realty Network Pte. Ltd. (R062169F).