The Business Times
business-time-50

Duxton Reserve, Park Avenue Changi hotels in due diligence by prospective buyers

Pricing for boutique hotel in Duxton Rd reflects about S$2,400 psf on built-up area; for Changi hotel, Weave Living tipped as prospective buyer, at S$120 million

Summarise
Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Mar 3, 2025 · 05:00 AM — Updated Mon, Mar 3, 2025 · 04:19 PM
    • The Park Avenue Changi hotel is part of an integrated mixed-use development owned by ESR-Reit.
    • Duxton Reserve Singapore, with 49 rooms and suites, is owned by The Garcha Group.
    • The Park Avenue Changi hotel is part of an integrated mixed-use development owned by ESR-Reit. PHOTO: GOOGLE MAPS
    • Duxton Reserve Singapore, with 49 rooms and suites, is owned by The Garcha Group. PHOTO: JLL

    SINGAPORE hospitality properties continue to draw investment demand.

    Duxton Reserve Singapore, Autograph Collection is said to be under exclusive due diligence. Word in the market is that the price is about S$80 million.

    Over in Changi Business Park, Weave Living is said to be in exclusive due diligence with a view to buying the Park Avenue Changi; the price is about S$120 million. (Weave Living is a vertically integrated owner/developer/operator of rental accommodation with offices in Hong Kong, Singapore, Tokyo and Seoul.)

    Singapore propertyESR-Logos ReitCommercial & IndustrialHotels

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    HDB said the listed price of S$2.18 million for the flat at 93B Telok Blangah Street 31 was “significantly higher” than comparable transactions in the area.

    HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The judge also rejected Radiant World’s argument that a claim against Glencore for about US$2 billion should be regarded as a “realisable asset”.

    Singapore judge raises doubts iron ore trader Radiant World is owed US$1 billion

    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