SUBSCRIBERS

Claremont hotel going for S$90m

Price for freehold budget hotel in Little India works out to S$1m per room

Kalpana Rashiwala
Published Tue, Jul 5, 2016 · 09:50 PM

Singapore

THE Claremont hotel along Serangoon Road, near the junction of Owen Road, has been put up for sale. The guide price for the eight-storey, freehold budget hotel is about S$90 million, or S$1 million per room.

Knight Frank, which is marketing the 90-room property through an expression of interest exercise that closes on Ju…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here