Freehold hotel at Geylang for sale at $23.5 million via Public Tender

Singapore, 28 July 2025 – CBRE, as the exclusive marketing agent, is offering a rare opportunity to acquire a 38-room freehold hotel located at 60 Lorong 8 Geylang. The sale will be conducted through a Public Tender, which closes on Tuesday, 26 August 2025, at 12pm.

Strategically located in the vibrant Geylang planning area, the 4-storey hotel sits on a site of approximately 7,555 sq ft, with a Gross Floor Area (GFA) of about 12,499 sq ft. The site enjoys a prominent street frontage of around 20 metres and is zoned “Commercial/Institutional” under the URA Master Plan 2019, with a Gross Plot Ratio of 2.8.

The hotel currently features 38 rooms with an average size of 147 sq ft, a welcoming spacious lobby, private parking facility, and communal space on the ground floor. At a guide price of S$23.5 million, it translates to approximately S$1,880 per square foot on the GFA, or approximately S$618,000 per key. The sale is open to both local and foreign buyers, with no Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty (SSD) imposed, making it an attractive investment opportunity.

Over the years, the Geylang area has undergone significant gentrification, transitioning from its traditional roots into a dynamic lifestyle and F&B hub. The area now boasts a diverse mix of established and emerging dining establishments, ranging from heritage eateries to modern bistros and artisanal cafés. Since the pandemic, the area has also welcomed a range of co-working and co-living operators, and other lifestyle businesses such as pet boarding centres and other retail offerings.



Mr Joshua Giam (严耀祥), Director of Capital Markets, Singapore at CBRE says, “Freehold boutique hotels in city-fringe locations like Geylang are hard to come by. This offering presents a rare chance to acquire a hospitality asset with a steady revenue stream and strong value-added potential. With strategic refurbishment of the asset’s façade, guest rooms, and common areas, the incoming buyer can uplift the room rates and enhance returns, while also increasing the long-term capital value of the
property.”

He added, “The site also offers flexibility for redevelopment into a new commercial or institutional asset, in line with the URA Master Plan. Given the option to retain it as a hotel or pursue redevelopment, along with the palatable investment quantum, we anticipate strong interest from a diverse range of buyers including corporates, associations, family offices, and high-net-worth individuals.”

The property enjoys strong connectivity and is strategically flanked between two key commercial nodes – the Central Business District (CBD) and the Paya Lebar sub-regional hub. It is easily accessible by public transport and private transportation via nearby expressways such as the Kallang Paya Lebar Expressway (KPE) and Nicoll Highway. Notable nearby landmarks include the National Stadium (3-minute drive), Suntec City & Convention Centre (5-minute drive), and Paya Lebar Quarter (6-minute drive).