Weave Suites - Midtown at Jalan Sultan on sale via EOI for $105m

The EOI exercise will close on 13 August.

Weave Suites - Midtown at Jalan Sultan in Bugis district has been offered for sale by CBRE and Savills Singapore via an Expression of Interest exercise closing on 13 August at 3 p.m.

The property comprises a row of 17 adjoining two-storey conservation shophouses with mezzanine levels. It has 65 hotel suites and ground-floor retail units.

Refurbished in 2023, the property now has meeting spaces, a gym, shared lounges, and a kitchen. The heritage asset sits on a prominent, standalone island plot spanning 4,450 square feet and has permanent approvals for hotel and F&B use.

Buyers can expect a yield of approximately 3% from the property, according to CBRE and Savills Singapore. Foreigners and companies are eligible to purchase the property without additional buyer’s or seller’s stamp duties.

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