Very strong interest was placed on Singapore property, especially on the Hotel segment. Investors are putting in bids to secure the hotel management and the recent ones, ibis Styles Hotel chain, emerged as the top bidder for the running of 298 hotel rooms in Macpherson Mall at 401 Macpherson Road Singapore 368125.
Macpherson Mall is situated at the junction of Macpherson Road and Aljunied Road. This hotel is here to serve the business travellers, within the area of Ubi/ Paya Lebar Industrial Estate, Kallang Industrial Estate as well as the upcoming Industrial Hub from the relocation of Defu Estate.
Macpherson Mall has 4 levels of shopping experience, having a total of more than 80 retail and restaurants. Home grown house brand, NTUC Fairprice is coming into the mall to cater for the office and residential needs in the area.
The attractiveness of this commercial building is, the tenure that it is holding is Freehold. This is a strong buying factors as other commercial building available for sale are mostly leasehold of 30, 60 or 99 years. Freehold is really a rare gem. Strong interest in strong put into this mall. Check more details out here.