Hotel Project at Punggol Digital District _Property for Sale

98 Punggol Way, Singapore, 829857, SG

Hotel Project at Punggol Digital District

Description

The 208-key core-and-shell Property offers a unique blank canvas opportunity allowing potential investors the flexibility to customize and brand the space according to their required specifications and needs. With the Property open to being used as a hotel or serviced residence, investors can be creative with exploring its highest and best use.

Situated in Tower 98 of Singapore's first smart business district, the Property has easy access to a range of amenities, including retail and dining clusters, co-working spaces, and a hawker centre. It is within walking distance of Punggol Coast MRT and Punggol Coast Bus Interchange, and is seamlessly connected to walking and bicycle pathways designed for eco-friendly commuting.

...

Attributes

Number of units

208

Building area gross

10,930 m²

Year built

2025

Media

Investment Highlights

Blank canvas opportunity enables an incoming investor the flexibility to customize and brand the space according to their required specifications and branding needs.
Fresh 60-year direct lease with JTC, providing an incoming investor with greater optionality on underwriting an exit.
Monopoly of accommodation demand in Singapore’s newest business park.
Diverse demand generators outside of Punggol Digital District including international schools, Seletar Aerospace Park, Changi Aviation Park, and military camps.
Due to limited existing and future supply, the Property naturally establishes itself as a market leader in accommodation demand.
The Singapore Government has a strong track record of executing major development projects including various business parks and has a vested interest in ensuring the success of Punggol Digital District.