SINGAPORE PROPERTY ·
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Hotel G, lyf Funan floated as possible asset sales

Price expectation for freehold Hotel G in Bugis area seen at S$320 million or S$1 million per room; guide price for lyf Funan is said to be “north of S$300 million”, or S$728,000 per key

THE improving performance of the Singapore hotel sector aided by the reopening of Singapore's borders since April is expected to spark investment interest in hospitality assets here. The owners of at least 2 such properties have roped in agents to suss out buying interest.

One is Hong Kong-based Gaw Capital Partners, for its Hotel G Singapore in the Middle Road/Bencoolen Street locale. The price expectation for the freehold property - in the bustling Bugis/Bras Basah area - is seen as being around S$320 million, which works out to about S$1 million per room. The majority of the hotel's 308 rooms are just 12 square metres each, considered small by industry standards for a midscale hotel, where...

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