Singapore
CBRE & JLL Appointed as Exclusive Joint Marketing Agents for the Sale of the QT Singapore
Rare Luxury Heritage Hotel Offering Comes to Market Amid Strong Investor Interest in the Singapore Hospitality Sector
October 8, 2025
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Head of Marketing & Communications, Singapore
Housed in the former premises for the Eastern Extension Telephone Company in the 1920s, the QT Singapore represents a fusion of architectural heritage and contemporary hospitality within Singapore’s CBD. Surrounded by 33 million sq. ft. of commercial space in the Downtown CBD and on the footsteps of Singapore’s iconic Marina Bay, the 134-room hotel has been completely refurbished in 2024 and is perfectly situated to capture the growth in both business and leisure demand whilst within close proximity to four MRT stations.
The sale has been driven by a renewed interest in the Singapore hotel sector with an increase in both the depth and breadth of capital chasing the asset class, further spurred by a material decrease in Singaporean benchmark interest rates. Luxury hotels are a tightly held commodity in Singapore, with only 5 luxury hotels over 100 keys trading in the last 10 years. The property is an even greater rarity among the luxury hotels, being one of the very few hotels located right in the bustling heart of Singapore CBD, yet still within walking distance from the charming Chinatown and the Marina Bay precincts.

Andrew Hunter, Senior Director, Hotels & Hospitality, CBRE, Asia Pacific said, “Incoming investors are looking to take advantage of the rebound in international travel and are aware that Singapore is acutely undersupplied in the lifestyle luxury space. Located in the heart of the CBD, the QT Singapore represents the perfect investment opportunity due to its low future capex requirements and strategic positioning in the burgeoning lifestyle luxury submarket.”
Ling Wei Tan, Senior Vice President, Hotels & Hospitality, JLL said, “Following the successful sale of Duxton Reserve and 21 Carpenter, we're proud to bring QT Singapore to market – a rare luxury boutique hotel that sets a new benchmark for heritage hospitality in the CBD. QT Singapore is ideally positioned to capture the growing demand for authentic, experiential-led stays while demonstrating robust investor interest for assets that blend architectural legacy and adaptive reuse within Singapore's thriving hospitality sector.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.