The Business Times
business-time-50
SINGAPORE PROPERTY

Capri, Citadines properties in advanced sale talks as hospitality returns to investors’ radar

Prospective buyers conducting exclusive due diligence for Citadines Mount Sophia and Capri by Fraser, Changi City among other assets

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Jan 24, 2024 · 05:00 AM
    • The price for Capri by Fraser, Changi City is expected to be about S$170 million.
    • An expression of interest exercise closed in the fourth quarter of 2023 for Citadines Raffles Place, located within the CapitaSpring building at Market Street.
    • The owner of the 285-room Dorsett Singapore, connected to Outram Park MRT station, is said to be seeking about S$1.1 million per room.
    • BlackRock and Weave Living are said to be doing due diligence for Citadines Mount Sophia.
    • The price for Capri by Fraser, Changi City is expected to be about S$170 million. PHOTO: GOOGLE MAPS
    • An expression of interest exercise closed in the fourth quarter of 2023 for Citadines Raffles Place, located within the CapitaSpring building at Market Street. PHOTO: GOOGLE MAPS
    • The owner of the 285-room Dorsett Singapore, connected to Outram Park MRT station, is said to be seeking about S$1.1 million per room. PHOTO: GOOGLE MAPS
    • BlackRock and Weave Living are said to be doing due diligence for Citadines Mount Sophia. PHOTO: GOOGLE MAPS

    WITH the return of travel, hospitality seems to be flavour of the month in the Singapore investment property sales scene.

    The Business Times understands that Capri by Fraser, Changi City and Citadines Mount Sophia are among the assets for which potential buyers are undertaking exclusive due diligence.

    An expression of interest is also said to have closed in the fourth quarter of 2023 for the 299-apartment Citadines Raffles Place, though a buyer has yet to be identified.

    Singapore propertyHotelsServiced residencesResidential

    TRENDING NOW

    Broadcom CEO Hock Tan (left) and Intel CEO Lip-Bu Tan (right) in a panel discussion moderated by DBS’ CEO Tan Su Shan.

    Companies still in search of AI use cases with worthwhile ROI, says Broadcom’s CEO

    Sultan Ibrahim Iskandar’s S$6.1 million purchase comes as the iron ore producer expands its presence in Malaysia’s rare earths industry.

    Malaysian king buys stake in Singapore-listed mining firm expanding into rare earths

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    The wealthy buy time, synthesis and judgment. Everyone else is handed information and left to assemble it themselves.

    Singapore’s wealth management success should extend to everyday families

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More