The Business Times
business-time-50
SINGAPORE PROPERTY

Hotel Clover in Jalan Sultan sold for S$74.8m to HK's Weave Living

Buyer will transform asset into serviced residences with a modern twist

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

Kalpana Rashiwala

Published Thu, Mar 10, 2022 · 09:50 PM

    Singapore

    A ROW of 17 conservation shophouses in the Kampong Glam area currently operating as the 88-room Hotel Clover in Jalan Sultan is being sold for S$74.8 million.

    The buyer is a special purpose vehicle that is majority owned by Hong Kong-headquartered Weave Living, an integrated lifestyle rental accommodation brand set up in 2017.

    shophousesSingapore propertyCo-livingHousing

    TRENDING NOW

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Ryoji Shoda says that his luxury plans will not necessarily come with a price hike.

    Onitsuka Tiger pivots from Asics stripes to tap luxury market

    Singapore also intends to deepen cross-border data flow mechanisms, says Minister for Digital Development and Information Josephine Teo.

    Singapore to advance AI agenda as Asean chair, focus on cross-border data flows, smaller firms

    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