Freehold hotel at Geylang for sale at Reduced Price of $110 million via Expression of Interest

Singapore – 24 February 2026 – CBRE, as the exclusive marketing agent, is launching for sale a rare 184-room freehold hotel at 12 Lorong 12 Geylang at a revised guide price of S$110 million. This asset was previously in the market for sale at $120 million in 2024. The sale will be conducted through an Expression of Interest (EOI) exercise closing on Thursday, 26 March 2026, at 12pm.

The 8-storey hotel occupies a prominent freehold site of approximately 15,731 sq ft and features a wide dual street frontage of approximately 80 metres. With a Gross Floor Area (GFA) of approximately 43,500 sq ft, the property includes a spacious lobby, private parking facilities, and 184 rooms averaging approximately 175 sq ft. All rooms come with ensuite bathrooms and large windows that provide abundant natural light and ventilation.

Located within the Geylang planning area, the property offers both investors and owner occupiers a strategic opportunity. The precinct has undergone rapid gentrification, emerging as a vibrant F&B and lifestyle destination with established restaurants, cafés, bars and a growing variety of lifestyle concepts including pet care facilities and boutique retail. In recent years, Geylang has also experienced a significant rise in co living operators such as The Assembly Place, Cove, and Figment, underscoring the strong and increasing demand for flexible, community oriented living options in the city fringe.

At the guide price of S$110 million, the asset is priced at approximately S$2,528 psf on GFA and S$598,000 per key. Both foreigners and corporate entities are eligible to purchase, with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) applicable.



Mr Michael Tay (郑兆能), Deputy Managing Director and Head of Capital Markets, Singapore at CBRE comments: “There are fewer than five hotels with more than 150 rooms in the Geylang area, and such freehold assets are tightly held and rarely made available. We expect renewed interest at the revised price point from family offices, high net worth individuals, corporates and real estate funds. Over the past year, demand for hospitality assets has remained strong, evidenced by transactions such as Hotel Miramar and 115 Geylang Road (Former Gay World Hotel).”

Mr Tay adds that broader market fundamentals continue to support investor appetite. Singapore’s tourism sector is benefiting from the return of major events including concerts and conventions, and long term demand is expected to rise further upon the completion of Changi Airport Terminal 5.