Boutique hotel in Joo Chiat on the market for $55 mil

By Charlene Chin / EdgeProp Singapore | January 20, 2021 2:01 PM SGT
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SINGAPORE (EDGEPROP) - A 70-room boutique hotel at 51 Joo Chiat Road is up for sale at a guide price of $55 million, according to Cushman & Wakefield, which is marketing the property.
Aqueen-Heritage-Hotel-Joo-Chiat-Facade - EDGEPROP SINGAPORE
Aqueen Heritage Hotel (Credit: Cushman & Wakefield)
Aqueen Heritage Hotel is located in the Joo Chiat Conservation Area, occupying a land site of 7,629 sq ft. It has a total gross floor area of 22,925 sq ft, with room sizes ranging from 140 sq ft to 276 sq ft, and a shop space of 1,744 sq ft.
Under URA’s Master Plan 2019, the hotel is zoned for commercial use with a gross plot ratio of 3.0.
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The property is within proximity to Paya Lebar and Eunos MRT Stations.
The expression of interest exercise will close on Feb 24 at 3pm.
Check out the latest listings near Aqueen Heritage Hotel, Eunos MRT Stations
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