Claremont Hotel back on market with lower asking price

CLAREMONT Hotel, a freehold eight-storey development along Serangoon Road, is back on the market for a second time with the seller eyeing offers in excess of S$70 million.

The 90-room budget hotel, near the junction of Owen Road, was previously put up for sale back in July 2016 for S$90 million.

The property occupies a land area of 4,838 square feet and an estimated gross floor area of 30,591 sq ft. Room sizes range from 16 to 36 sq m, averaging 19 sq m.