Hotel

The Urban Redevelopment Authority (URA) is offering the owners of Midpoint Orchard, Orchard OG and Faber House sweeteners to spur them to redevelop as part of Singapore’s plan to rejuvenate its most famous shopping belt. Observers said that this could be a way to negotiate the tricky situation surrounding Midpoint Orchard – a strata-titled building which, The Straits Times understands, has about 60...

The Porcelain Hotel, a 138-key boutique hotel in Chinatown, is up for sale via expression of interest with a guide price of S$115 million, joint marketing agents CBRE and Edmund Tie said on Thursday. Housed in a row of adjoining conservation shophouses at 46 to 50 Mosque Street, the 99-year leasehold hotel occupies a land area of 10,143 square feet (sq ft) and an estimated gross floor area (GFA) of...

Two years ago, Mr Seah Liang Chiang thought of building his own tiny house in Johor. On Friday (Jan 17), that DIY weekend retreat project turned into a business. Mr Seah has launched Singapore's first hotel made using shipping containers. For S$150 to S$200 a night - depending on whether it is peak or off-season - up to four guests can stay in one of two cabins in one-north. Mr Seah said he...

Developers continue to jump on the hotel-conversion bandwagon, with Fragrance Group for its flagship office building in Alexandra Road and Lian Beng for Wilkie Edge among the latest to have received nods from the Urban Redevelopment Authority (URA). The trend is being fuelled by the rise in hotel land values and a perceived shortage of hotel room supply on the island; this follows URA generally having...

CDL Hospitality Trusts (CDLHT) will sell Novotel Singapore Clarke Quay, part of a Liang Court site for redevelopment, for S$375.9 million and make an up-to-S$475 million forward purchase of a new hotel that will be part of the new integrated development. In a bourse filing on Thursday, CDLHT said it will also buy W Singapore hotel at Sentosa Cove for S$324 million. The 403-key Novotel hotel will be...

Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...

Hospitality deals in Singapore reached the highest level recorded on a quarterly basis, hitting S$2.8 billion in the third quarter, according to real estate firm Colliers International’s report on Thursday. This was six times that of the previous quarter and 19 times that of the previous year, and comes on the back of significant transactions such as Bay Hotel, Mandarin Orchard and Crowne Plaza Changi...

Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...

The national joint venture between Malaysia and Singapore, M+S Pte Ltd, on Tuesday announced it will sell the luxury hotel component of the signature Duo mixed-use project for S$475 million to Hoi Hup Realty. M+S said it agreed to the sale of all shares of its wholly-owned subsidiary, Ophir-Rochor Hotel (ORH), the developer and owner of Andaz Singapore, to the Singapore property developer. The...

CITY Developments Limited (CDL) said its final cash offer to acquire all the remaining shares in its London-listed subsidiary Millennium & Copthorne Hotels (M&C) has been declared unconditional in all respects. The delisting of M&C shares from the London Stock Exchange (LSE) is expected to be effective on Oct 11, the mainboard-listed property developer said early on Friday morning. As of 5pm London...