The Business Times
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SO/ Singapore hotel opposite Lau Pa Sat being sold at S$1.8m per room, say sources

This pricing is seen by some as setting a benchmark for the Singapore hotel market. Buyer Viva Land group owns the Robinson Point office building next door.

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Apr 29, 2022 · 09:10 PM
    • The SO/ Singapore is being sold by Royal Group, which developed the property. On the right in the background is Robinson Point, which is owned by the party said to be buying the hotel.
    • The SO/ Singapore is being sold by Royal Group, which developed the property. On the right in the background is Robinson Point, which is owned by the party said to be buying the hotel. SPH PHOTO: ALPHONSUS CHERN

    A NEW benchmark in per-room pricing may have been set in the Singapore hotel market: The 134-room SO/ Singapore, which sits opposite Lau Pa Sat in the Central Business District (CBD), is being sold for about S$1.8 million per key, making for a total price of some S$240 million.

    Located at the corner of Robinson Road and Boon Tat Street and known as Sofitel So Singapore before it was rebranded, the property is on a site with about 49 years left on its lease.

    The hotel is being sold by Royal Group, (controlled by Asok Kumar Hiranandani and his son, Bobby), which clinched the landmark 60-year leasehold conservation building formerly known as Ogilvy Centre at a state tender in 2011. The group developed it into the hotel, which opened its doors in 2014.

    Singapore propertyHotelsSingapore tourism

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