Hotel near Farrer Park MRT

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tanya
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Joined: Tue Aug 08, 2017 12:27 pm

Hotel near Farrer Park MRT

Post by tanya » Tue Aug 08, 2017 12:34 pm

What's the Hotel industry trend?
What are the factors decide hotel price?

Located in District 08, the hotel is situated within the vibrant and cultural Little India district and is a stone’s throw away from the Farrer Park MRT Station. Strategically positioned at the junction of Serangoon Road and Owen Road, the property sits opposite Mustafa Centre and City Square Mall, offering a wide range of retail and F&B options. The Hotel is located within minutes of the Central Business District and Suntec City and is a short drive away is Singapore’s main shopping belt, Orchard Road.

“Investors could potentially reposition the hotel by reconfiguring and adding more rooms, subject to approval from the relevant authorities. The site presents an exceptional opportunity for a hotelier to run a flagship hotel uniqueness of this district presents.”

In 2014, the 328-room Hotel Grand Chancellor in Belilios Road was sold at S$248 million or about S$756,100 per room. The hotel is on a site with about 92 years' balance lease at the time. compare this is seen as having a superior location in addition to a better land tenure. Located in District 8, the hotel is close to the Farrer Park MRT Station, and it is also near Mustafa Centre and City Square Mall. More detials

www.2view.biz or 6100 6202

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