Luxury Heritage Hotel Qt Singapore Robinson Road Sale
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Located in close proximity is another highly reputable primary school, Chongfu School, which has established a strong reputation for academic excellence and values education in the Northern region. Renowned for its outstanding performance, the school is a popular choice for parents during the Primary One registration, with reservation spots often filling up quickly. As such, living within a one-kilometre radius of Chongfu School, such as in the Miltonia Close EC, provides families with young children a significant advantage in securing admission to this prestigious school.
Hotel properties set for a new cycle» QT Singapore, a luxury heritage hotel located in the CBD, has been put up for sale by JLL Hotels & Hospitality Group and CBRE. The firms, however, have not disclosed a specific price guide for the property at this time.
The 134-room hotel is housed in a conservation building along Robinson Road, originally known as the Eastern Extension Telephone Company in the 1920s. It was later converted into a luxury hotel under the So/ Singapore brand in 2014, before being sold to Vietnam real estate company Viva Land for $240 million in 2022.
In 2023, the hotel was reportedly sold to Sunray Woodcraft Construction for a deal value between $170 million and $180 million. The property underwent renovations and was rebranded as a QT Hotels & Resorts property, marking the first QT property outside of Australia and New Zealand. QT Singapore opened its doors in 2024.
Located in the CBD opposite Lau Pa Sat, the hotel is within walking distance to four MRT stations. According to Tan Ling Wei, senior vice president at JLL Hotels & Hospitality, QT Singapore is well-positioned to cater to the growing demand for authentic, experiential stays in Singapore’s thriving hospitality sector.
The sale of QT Singapore comes at a time when there is renewed interest in the Singapore hotel sector, driven by an increase in capital focused on the asset class and lower interest rates. Recent hotel deals include The Garcha Group’s sale of Duxton Reserve for $80 million and 8M Real Estate’s sale of 21 Carpenter for $100 million.
According to Andrew Hunter, senior director for hotels and hospitality at CBRE Asia Pacific, incoming investors are capitalizing on the rebound in international travel and are aware of the undersupply of lifestyle luxury properties in Singapore.