The Excelsior Hotel and Shopping Centre, located at 5 Coleman Street in Singapore’s City Hall district, is up for collective sale with an attractive reserve price JCube Residence of $458 million. Over 80% of the property’s owners have agreed to the sale of this 20,798 sq ft site. With a 99-year leasehold tenure from August 17, 1979, and a verified GFA of 227,247 sq ft – featuring a 21-storey tower and a 284-key hotel situated on a five-level podium shopping centre – this is a unique opportunity for potential buyers.

Christina Sim, senior director of capital markets at Cushman & Wakefield, believes that hotel assets are “recovering with a vengeance” post-pandemic, and that Singapore’s hospitality sector is expected to outperform its Asia Pacific neighbours as borders reopen and travel resumes. With the reopening of China also predicted to bring further market boosts, the Excelsior Hotel and Shopping Centre tender is sure to be a popular choice.

Set in a prime location, the Excelsior Hotel and Shopping Centre is close to both Funan Mall and Peninsula Plaza as well as the Grand Park City Hall hotel, and is a quick five-minute walk from City Hall MRT station on both the East-West and North-South Lines. Recent sales transactions at the site should provide further assurance to potential buyers.

The Excelsior Hotel and Shopping Centre tender will close on April 18 at 3pm. Don’t miss this exciting chance to own a unique part of the City Hall district, for both a wonderful investment opportunity and a space to make your own.