A 15 loft-room hotel in the popular District 14 of Singapore is now available for sale at a competitive price of $14 million. The freehold property, located at 739-1 Geylang Road, boasts a perfect combination of a 2-storey structure and a newly constructed 4-storey rear extension, occupying a 1,273 sq ft site with an approved gross floor area (GFA) of up to 3,186 sq ft.
One of the most appealing aspects of this hotel is its permanent ‘Hotel’ zoning and usage approval, making it a rare and highly sought-after conversion for new conservation shophouses in Singapore. With this approval, the property offers not only long-term investment potential but also flexibility in terms of operations. Additionally, its prime location, just a 5-minute walk from the Paya Lebar MRT station, provides excellent connectivity. Paya Lebar MRT is a dual-line station, serving both the East-West line and Circle line, making it convenient for guests to access different parts of the city.
Currently under construction, the hotel features a sophisticated Japandi theme, and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, ensuring that the property is ready for immediate operation upon purchase. This makes it an ideal turnkey investment opportunity for those looking to enter or expand their presence in the hospitality sector.
For investors, this property offers an attractive proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement, providing immediate rental income and operational continuity. According to Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., the hotel is likely to appeal to owner-operators as they will benefit from significant renovations, allowing for a smooth and quick start to operations.
The demand for hospitality assets in Singapore has been steadily increasing in recent times. Some notable transactions include LHN Group’s acquisition of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million, and the listing for sale of an 8-storey hotel at 12 Lorong 12 Geylang last year for $120 million. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is currently 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 further information, please contact Eva Lau at 92785688. As a Senior Marketing Director at ERA Realty Network Pte. Ltd. (R062169F), she has extensive knowledge and experience in the Singapore property market.