Four thousand new hotel rooms are expected to be ready by 2013 to alleviate room shortage in Singapore. To cater to tourists looking to stay away from the city, a growing number of industry players are developing hotels in the heartlands. Under the Government Land Sales programme, developers have bid for hotel sites in suburban areas such as Balestier, Farrer Park and even further west in Alexandra and...
Singapore Hotels
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the hotel site at Jurong Town Hall Road today. This is the first hotel site to be made available for sale in the Jurong Lake District. The land parcel at Jurong Town Hall Road is made available for application under the Reserve List of the 1st half 2012 Government Land Sales (GLS) Programme. This first hotel site is...
The Singapore Tourism Board has conservatively projected S$24 billion in tourism receipts and some 14.5 million visitors for 2012. This mirrors the World Tourism Organisation's sentiment that international tourism is set to grow at a slower rate. Despite this, it has not stopped hotels here from embarking on refurbishment works to draw more guests. Pan Pacific Singapore started off an extensive S$80...
Drawing on its experience as a world leader in serviced residences, Frasers Hospitality Pte Ltd (Frasers) today unveiled its new brand, Capri by Fraser, the latest addition to its portfolio, which will include more than 73 properties in 39 cities worldwide within the next three years. Designed to meet the lifestyle needs of the digital generation, Capri by Fraser cuts through the conformity of typical...
The tender for the hotel site at Rangoon Road/Farrer Park Station Road, near Little India district, has attracted 10 bids, according to the Urban Redevelopment Authority (URA). The top bid of S$151 million was jointly placed by RB Capital Robertson City and RB Capital Farrer. That works out to about S$11,612 per square metre of Gross Floor Area. URA said the remaining bids for the 99-year leasehold site...
The supply of hotel rooms in Singapore is expected to increase by 20 per cent by 2016, according to a report by real estate consultancy CBRE. CBRE said the ramping up of room supply is underpinned by healthy outlook for the hospitality sector. In 2011, over 1,900 hotel rooms have been added in Singapore, with the bulk of them coming from V Hotel with 888 rooms and Oasia Hotel with 428 rooms. CBRE added...
Hotel rooms in Singapore are the most expensive in Asia, according to the latest Hotel Price Index by Hotel.com. This despite a two per cent fall in average hotel room rates in the region. The latest index placed Singapore sixth among traditionally expensive countries like Switzerland, Italy, Denmark and France. Average room prices for hotels in Singapore came in at S$239 last year, a two per cent drop...
The Urban Redevelopment Authority (URA) has on Thursday placed two sites for sale by tender. The first plot is a hotel site at Rangoon Road / Farrer Park Station Road which was made available for sale through the Reserve List system last November. With a land area of about 0.3 hectare, the hotel site is expected to generate a gross floor area of about 13,004 square metres. URA said a developer has...
Resorts World Sentosa (RWS) will open the last two of its six hotels on Thursday, 16 February. The new hotels - Equarius Hotel and Beach Villas - are aimed at high-end guests. Room rates for Equarius begin at S$800, while those of Beach Villas start from S$1,200. The resort will open fully by the end of the year with three more attractions - Marine Life Park, a water theme park and a destination...
A new hotel-cum-serviced-suites and a new shopping mall have opened their doors in one-north. The four-star Park Avenue Rochester hotel is targeted for business and leisure travellers in the Buona Vista district. It also offers residential facilities as well as amenities for research, recreational and educational activities. The 271-room hotel started operations last month. Meanwhile, the Rochester...