Chinatown's Porcelain Hotel up for sale with S$115m guide price

The Porcelain Hotel spans four storeys, and the majority of its room sizes range from 86 sq ft to 172 sq ft, with a selection of larger units up to 452 sq ft.

"With a leaseback arrangement in place, the buyer will have some time to plan how they would like to carry out asset enhancement initiatives to refurbish and reposition the property," said Clemence Lee, senior director of capital markets at CBRE.To capitalise on the crowd, the potential buyer can explore repositioning and converting the ground floor into food and beverage use and curating a tenant mix featuring restaurants, wine bars, cafes and bistros, Mr Lee suggested.

Boutique hotels in Singapore with a"palatable" investment quantum are tightly held and seldom put into the market, according to Mr Lee. "The mid to long-term outlook for Singapore's hospitality property market is favourable given the low hotel supply pipeline over the next three to four years," Ms Swee added.

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