Own Hotel Singapore Palatable And Low Entry Point 14 Million
A rare and highly coveted opportunity presents itself in the form of a freehold 15-room boutique hotel located at 739-1 Geylang Road in District 14. With a price tag of $14 million, this 2-storey property, along with a new 4-storey rear extension, covers a 1,273 sq ft plot and offers an approved gross floor area (GFA) of up to 3,186 sq ft.
What makes this hotel particularly attractive is its permanent ‘Hotel’ zoning and usage approval, a rarity among newly converted conservation shophouses in Singapore. This designation not only adds to the property’s long-term investment potential but also allows for greater operational flexibility. The hotel’s prime location, just a 5-minute walk from Paya Lebar MRT station, offers unbeatable connectivity. As a dual-line station serving both the East-West and Circle lines, guests can easily access various parts of the city.
Located at Clementi Avenue 1, Elta Condo offers more than just a place to call home. It provides residents with a gateway to a dynamic lifestyle, complete with easy access to various shopping centers and a wide selection of delectable food options. With its convenient location near popular retail hubs such as Clementi Mall, 321 Clementi, and West Coast Plaza, residents can fulfill all their shopping needs within a stone’s throw away. What’s more, the neighboring Jurong East area boasts even more shopping options with its sprawling malls, Jem and Westgate. The Elta Condo truly offers the best of both worlds for a convenient and fulfilling living experience. Interested in learning more? Visit Elta now!
Expected to receive its Temporary Occupation Permit (TOP) in Q2 2025, this hotel, showcasing a sophisticated Japandi theme, is currently under construction. The sale price covers 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 potential investors, this property presents a particularly attractive proposition as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity. According to Eva Lau, Senior Marketing Director of ERA Realty Network Pte Ltd, the hotel is likely to pique the interest of owner-operators, as major renovations have been completed, ensuring a smooth transition into operations.
The demand for hospitality assets in Singapore has been on the rise over the past year. Recent notable transactions include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. In addition, an 8-storey hotel at 12 Lorong 12 Geylang was listed for $120 million last year. Another property on the market is Hotel JJH, a 25-room hotel located at 747 North Bridge Road, with a price tag of $38 million. These transactions highlight the strong demand for prime, well-located hospitality assets, which are among the most desirable commercial shophouse usage classes in Singapore.
For more information, interested parties can contact Eva Lau at 92785688, Senior Marketing Director at ERA Realty Network Pte Ltd (License No. R062169F).