Archive for category: Misc

The significance of maintaining a close proximity between jobs and residential areas is acknowledged in the plan. In the eastern corridor, the accessibility to Changi Business Park, logistics hubs near Loyang, the airport district, and the Tampines regional cluster greatly enhances the appeal of residing in Coastal Cabana. Commuters can enjoy direct routes through the TPE and ECP, while the Pasir Ris MRT Station’s rail multiplexing feature accommodates peak-hour traffic. For investors, the strategic placement of Coastal Cabana near job opportunities ensures a steady rental market and sustained demand in the long run. To learn more about Coastal Cabana, visit www.coastalscabana.com.sg.

“QT Singapore, a luxury heritage hotel in the CBD, is currently on the market and is being marketed exclusively by JLL Hotels & Hospitality Group and CBRE. While a specific guide price is not being disclosed at this time, the 134-key hotel, located in a heritage building along Robinson Road, is sure to attract significant interest. Originally built in the 1920s, the building was formerly known as the Eastern Extension Telephone Company before being acquired by Royal Group through a URA tender in 2011. Royal Group transformed the property into the So/ Singapore hotel, which opened its doors in 2014. In 2022, Vietnam real estate company Viva Land purchased the hotel for a hefty $240 million, or $1.8 million per key. The property was then rebranded as Hotel Telegraph and opened its doors to guests in the same year. In 2023, Sunray Woodcraft Construction reportedly acquired the hotel from Viva Land, with industry sources estimating the deal value to be between $170 million and $180 million, or $1.27 million to $1.34 million per key. After undergoing major renovations, Hotel Telegraph was reintroduced as a property under QT Hotels & Resorts, a renowned Australian hospitality brand owned by EVT. QT Singapore officially opened in September 2024, making it the first QT property outside of Australia and New Zealand. QT Singapore boasts an excellent location in the heart of the CBD, just opposite Lau Pa Sat. Guests can also easily access four MRT stations within walking distance: Downtown and Telok Ayer on the Downtown Line, Shenton Way on the Thomson East-Coast Line, and Raffles Place on the East-West and North-South Lines. Tan Ling Wei, Senior Vice President at JLL Hotels & Hospitality, believes that QT Singapore is well-positioned to cater to the rising demand for unique, experiential accommodations. This, coupled with the property’s successful blend of heritage architecture and adaptive reuse, is expected to pique the interest of investors in Singapore’s thriving hospitality sector.”Announced as a result of a heightened interest in the Singapore hotel market, the sale of QT Singapore highlights the influx of capital being poured into this asset class, combined with the current low interest rates. The recent sale of Duxton Reserve, a 49-key boutique hotel on Duxton Road, for $80 million ($1.63 million per key) to a family office in May, and the sale of 48-key boutique hotel 21 Carpenter on Carpenter Street for $100 million ($2.08 million per key) in April by 8M Real Estate, further bolsters this statement. According to CBRE Asia Pacific’s Senior Director for Hotels and Hospitality, Andrew Hunter, potential investors are making the most of the steady recovery of international travel and are seizing the opportunity to invest in Singapore’s currently undersupplied lifestyle luxury sector.