The Business Times
business-time-50
SINGAPORE PROPERTY
·
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

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.
    • An expression of interest exercise closed in the fourth quarter of 2023 for Citadines Raffles Place, located within the CapitaSpring building at Market Street.
    • 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.
    • BlackRock and Weave Living are said to be doing due diligence for Citadines Mount Sophia.
    • 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

    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.

    Singapore propertyHotelsServiced residencesResidential

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More