A conserved building approved for use as a hotel at Joo Chiat Road has been put up for sale by tender. The property is owned by a local investment company, which is seeking offers in the range of S$20 million to S$22 million. Joo Chiat Hotel comprises a 3-storey front section and a 4-storey rear extension, with 68 guestrooms and one pub. These are leased by operators at a total gross rental revenue...
Singapore Hotels
Industry watchers said the boutique hotel sector in Singapore is under-penetrated. They said there's room for at least another 10 new ones to spice up the local hospitality scene and to attract more niche travellers looking for something different. Take a shower right in the middle of the room just a few feet from your bed is what you get to do for about S$385 per night in a basic executive room at...
A new five-star hotel with luxury shopping outlets will soon replace the former Crown Prince Hotel along Orchard Road. Set to open next year, the Grand Park Orchard Hotel and the Knightsbridge retail space linked to it will add to the buzz along the rejuvenated shopping district. Its retail space will almost double to about 83,000 square feet. It is part of Park Hotel Group's plan - which was conceived...
The Urban Redevelopment Authority (URA) has launched a hotel site at New Bridge Road for sale. Last month, the urban planners received an application from a developer to put the plot on sale. URA says the developer has committed to bid at least S$43,888,888 for the 99-year lease hold site located in Chinatown, near the Outram Park MRT station. The 0.45 hectare site can yield a maximum permissible gross...
While several new malls are being built along Orchard Road, Meritus Mandarin Hotel has been quietly renovating its shopping wing. Mandarin Gallery will re-open in December, competing with new entrants on the prime shopping district for the retail dollar. Meritus Mandarin Hotel is turning its lobby, ballrooms and function rooms into retail space - offering four floors of shopping. The new mall will have...
The government will launch a tender for a hotel site at New Bridge Road in two weeks' time, after a developer committed to at least S$43,888,888 for the land parcel. The site is under the Reserve List of the Government Land Sales programme. It has an area of about 0.45 hectares and will be able to generate a maximum permissible gross floor area of about 15,687 square metres with a lease period of 99...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has won the tender for a hotel site at Short Street. It had submitted the top bid of S$15.5 million for the site. The Urban Redevelopment Authority (URA) received a total of 15 bids, ranging from S$8 million to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. The...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has put in the top bid of S$15.5 million for a hotel site at Short Street. The Urban Redevelopment Authority said it received a total of 15 bids, ranging from S$8 to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. Property consultancy CBRE said the strong response...
Marina Bay Sands integrated resort has said it is on target to top out its hotel towers early next month. The company said the towers have passed level 50, just five floors away from the peak of 55 storeys. Las Vega Sands' Chairman Sheldon Adelson will attend the topping out ceremony. The integrated resort will feature facilities like casino, convention and exhibition halls, a 2,600-room luxury hotel...
The Urban Redevelopment Authority (URA) has released the first sale site at Kallang Riverside for hotel development. The 0.74-hectares land parcel will be made available on the reserve list under the Government Land Sales Programme for the first half of 2009. URA said the plot has a permissible gross floor area of 20,917 square meters with a maximum building height of 16 storeys. The site will have a...