Chinatown's Porcelain Hotel up for sale with S$115m guide price

Singapore

THE Porcelain Hotel, a 138-key boutique hotel in Chinatown, is up for sale via expression of interest with a guide price of S$115 million, joint marketing agents CBRE and Edmund Tie said on Thursday.

Housed in a row of adjoining conservation shophouses at 46 to 50 Mosque Street, the 99-year leasehold hotel occupies a land area of 10,143 square feet (sq ft) and an estimated gross floor area (GFA) of 38,686 sq ft.

The guide price works out to about S$830,000 per key or S$2,950 per square foot (psf) based on GFA. These are lower than prices of rec…

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