CBRE has announced the sale of a rare 184-room freehold hotel located at 12 Lorong 12 Geylang, Singapore, at a revised price of S$110m. The property, previously listed at S$120m in 2024, is being offered through an Expression of Interest (EOI) exercise, closing on 26 March 2026 at 12pm.
The eight-storey hotel, occupying a 15,731 sq ft site, features a gross floor area of approximately 43,500 sq ft. It includes a spacious lobby, private parking, and rooms averaging 175 sq ft, each with ensuite bathrooms and large windows. The property is strategically located in the Geylang area, which has seen rapid gentrification and a rise in co-living operators, making it an attractive investment for both investors and owner-occupiers.
Michael Tay, Deputy Managing Director and Head of Capital Markets at CBRE, highlighted the scarcity of such assets in the Geylang area, noting, “There are fewer than five hotels with more than 150 rooms in the area, and such freehold assets are tightly held and rarely made available.” He expects interest from family offices, high-net-worth individuals, and real estate funds.
The hotel offers multiple value-creation opportunities, including potential conversion of the back alley into outdoor amenities and refurbishment to enhance room rates. Its proximity to the Singapore Indoor Stadium and major transport links further boosts its appeal, positioning it well for alternative accommodation models like co-living and long-stay concepts.
