The ground floor is equipped with 4450 square feet of dining and retail space for buyers to rent for rent or re-plan to match operations and brand positioning. Some shops in the City Gate shopping mall opposite the hotel were sold at a price of more...
The ground floor is equipped with 4450 square feet of dining and retail space for buyers to rent for rent or re-plan to match operations and brand positioning. Some shops in the City Gate shopping mall opposite the hotel were sold at a price of more than 4,000 yuan.
CBRE and Savills Singapore jointly responsible for the marketing of the project.
This hotel is located in Bugis and Ophir-Rochor Corridor and is located in the heart of the city. The entire project consists of 17 two-story reserved shop houses, including 65 hotel rooms and a first-story shop.
This project is conducted by invitation of buyers to bid (EOI), and the bidding event will be closed at 3 pm on August 13.
Weave Suites - Midtown was fully renovated in 2023, adding conference rooms, shared lounge areas, gym and well-equipped kitchens. Hotel and catering uses have been permanently approved. The average room area is 23.5 square meters. If necessary, the number of rooms can also be re-layed and increased to 88 approved rooms.
Weave Suites - Midtown, a reserved shophouse in Jalan Sultan, is launched for sale at a price of RMB 105 million.
Savills Singapore Investment Sales and Capital Markets Executive Director Ye Huiyi said: "Weave Suites has dual cultural and commercial attributes, suitable for family offices or ultra-high net worth individuals. Whether it is a boutique hotel, flagship cohabitation project, or a diversified hotel property, it can meet the market's needs for a unique cultural experience."
The project is expected to have an annual return of about 3%. Both individual foreign investors and businesses can purchase without paying additional buyer stamp duty (ABSD) and seller stamp duty (SSD).
