In summary, there are many benefits to be gained by investing in a condominium in Singapore. These include a high demand in the market, potential for the property’s value to appreciate over time, and attractive rental yields. However, it is crucial for potential investors to carefully consider various factors such as the location of the condo, financing options available, government regulations, and market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in the ever-evolving real estate market of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, Singapore’s condo projects present a compelling opportunity. So, do not hesitate to explore the Singapore Projects and take advantage of the thriving real estate market in this dynamic country.
A rare opportunity presents itself for investors seeking a freehold property in Singapore’s vibrant Geylang neighbourhood. A 15-room loft-style hotel, located at 739-1 Geylang Road in District 14, is now available for purchase at $14 million.
The property sits on a 1,273 sq ft site and features a newly constructed 4-storey rear extension, adding to its total gross floor area of 3,186 sq ft. One of the major selling points of this hotel is its ‘Hotel’ zoning and usage approval, a highly sought-after designation for new conservation shophouses in Singapore. This approval not only enhances the property’s long-term investment appeal but also offers operational flexibility.
Convenience is another factor that makes this hotel a promising investment. It is situated just a 5-minute walk away from the Paya Lebar MRT station, a dual-line station serving the East-West and Circle lines. This location offers guests easy access to various parts of Singapore.
Currently under construction, the hotel is designed with a sophisticated Japandi theme and is set 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 potential buyers. This also allows for immediate operation upon purchase, making it an attractive option for those looking to enter or expand their presence in the hospitality sector.
For investors, the property presents a unique and lucrative opportunity. The current owner, who has extensive experience in the hotel industry, is open to a sale and leaseback arrangement. This means that buyers can enjoy immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., believes that this hotel will appeal to owner-operators as they can benefit from major renovations, allowing for a smooth and seamless start to operations.
The demand for hospitality assets in Singapore has been steadily increasing in the past year. Notable recent transactions in the area include LHN Group’s purchase of Pasir Panjang Inn for $30 million and the sale of an 8-storey hotel at 12 Lorong 12 Geylang 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 highlight the high demand for well-located and high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.
For more information on this property, please contact Eva Lau at 92785688, Senior Marketing Director of ERA Realty Network Pte. Ltd. (R062169F). Other related news in the hospitality sector includes the popular Village Hotel Sentosa, a freehold hotel in Chiang Mai now available for $24.3 million and Banyan Tree’s $31.7 million FY2023 earnings and 1.2 cents dividend declaration.