A rare freehold commercial shophouse with hostel on top has been put up for sale
The subject property is close to Wangz Hotel (which was recently sold for $46 million).
There is a great demand for hostel in this area as its proximity to Tiong Bahru is a draw to many tourists for its recent infusion of many great cafes, western and local and seafood restaurants, and many young people love to chill out in this area.
There are also many cheap eateries at the Tiong Bahru Market where long queues form for certain local favourites like the Jian Bo Shui Kueh, fried Hokkien mee, chicken rice stalls, etc.
Not far from walking, tourists can explore Tiong Bahru Plaza as well as Great World City where there are plenty of delightful shops and restaurants.
And a few minutes drive will reach the fame Orchard Road where Singapore is known for its shopping paradise. You can literally walk till you drop.
Tourists can also explore Pearl’s Hill City Park which is a few minutes walking distance away, one can escape to find an oasis experience in Singapore walking through Pearl’s Hill where it cools you from Singapore hot weather with its lush forestry.
There are some outdoor gym equipment’s which spread around the hill meant for anyone to use.
Walk right around and you’ll get some good photos of the city from certain vantage points.
It is a shortcut to go to Chinatown where you will have another ethnic shopping experience with its non-stop buzz of tourists and locals looking for good food, art and crafts and souvenirs to bring back home.
This asset will appeal to those who want to expand and operate its hostel, adding another prime location to their portfolio.
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