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Wangz Hotel being sold for S$46m

The price works out to S$1.12 million per room for the freehold boutique hotel at the corner of Outram Road and Tiong Bahru Road

Singapore

WANGZ Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million.

This works out to S$1.12 million per room for the six-storey freehold boutique hotel, which opened in late 2009.

The 41-room hotel is being sold by Glastech Pte Ltd, controlled by Wang Kwang Yu, his wife Kwee Lee Chien (daughter of Pontiac Land Group founder Henry Kwee) and their children.

The buyer is TCRE Partners Pte Ltd, which is equally owned...

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