Description

Situated in the historic Kampong Glam precinct, one of Singapore's most vibrant neighborhoods, Weave Suites - Midtown offers 65 well-furbished serviced apartment suites that provide guests with a sophisticated co-living experience. The property is housed within a row of 17 adjoining heritage shophouses and features a comprehensive suite of premium amenities, including a state-of-the-art gym, a fully-equipped communal kitchen, and inviting social spaces. Additionally, the property offers future value-add potential to expand its inventory.

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Attributes

Number of units

Year built

2023

Building area gross

35,433 sf

Land area gross

15,198 sf

Media

Investment Highlights

• Rare investment opportunity to acquire an institutional-grade shophouse asset in one of Singapore's most tightly held and resilient hospitality markets

• Prime location with excellent connectivity within 5-10 minutes walk from three MRT stations offering direct access to CBD, major MICE venues, and educational institutions, capturing a diverse mix of corporate, student, and leisure demand

• High quality asset with recent full renovation completed in 2023, blending authentic heritage character with modern co-living facilities

• Upside potential through expansion plans to convert underutilised retail units and existing spaces into capsule pods which have been approved by URA or additional keys, subject to URA approval

• Operational flexibility with property offered unencumbered by management

• Singapore's robust tourism industry supports sustained growth in visitor arrivals and lodging demand