Capri, Citadines properties in advanced sale talks as hospitality returns to investors’ radar

Prospective buyers conducting exclusive due diligence for Citadines Mount Sophia and Capri by Fraser, Changi City among other assets

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Kalpana Rashiwala

Published Wed, Jan 24, 2024 · 05:00 AM

The price for Capri by Fraser, Changi City is expected to be about S$170 million. PHOTO: GOOGLE MAPS
An expression of interest exercise closed in the fourth quarter of 2023 for Citadines Raffles Place, located within the CapitaSpring building at Market Street. PHOTO: GOOGLE MAPS
The owner of the 285-room Dorsett Singapore, connected to Outram Park MRT station, is said to be seeking about S$1.1 million per room. PHOTO: GOOGLE MAPS
BlackRock and Weave Living are said to be doing due diligence for Citadines Mount Sophia. PHOTO: GOOGLE MAPS

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WITH the return of travel, hospitality seems to be flavour of the month in the Singapore investment property sales scene.

The Business Times understands that Capri by Fraser, Changi City and Citadines Mount Sophia are among the assets for which potential buyers are undertaking exclusive due diligence.

An expression of interest is also said to have closed in the fourth quarter of 2023 for the 299-apartment Citadines Raffles Place, though a buyer has yet to be identified.

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