Regin Hotel on Sims Avenue up for sale with $23 mil guide price

Timothy Tay
EdgeProp Singapore

September 8, 2021

Regin Hotel, a freehold four-storey hotel at 56 Sims Avenue, has been put up for sale with a guide price of $23 million. CBRE is the sole marketing agent, and the sale will be conducted through an Expression of Interest (EOI) exercise.

Located at the junction between Sims Avenue and Lorong 9 Geylang, Regin Hotel enjoys prominent street level visibility. The property sits on a 3,172 sq ft site and based on the 2019 Master Plan, it is zoned ‘Residential/Institution’ with a gross plot ratio of 3.0.

“Being strategically located between two major growth centres – Paya Lebar Regional Centre and the Kallang Riverside Precinct, the property is well-positioned to benefit from a strong spillover of commercial activities,” says Clemence Lee, senior director of capital markets, Singapore at CBRE.

Read more at: https://www.edgeprop.sg/property-new...il-guide-price