Daily Briefing: Neil Road terrace house on sale for $4.8m; Budget hotel provider ZEN Rooms bags investment from South Korea's Yanolja

And knowledge sharing platform Tigerhall eyes Malaysia expansion.

From PropertyGuru:

A freehold, two-storey terrace house located at 141 Neil Road has been put up for sale by Knight Frank Singapore for $4.8m, via expression of interest (EOI).

The property sits on a land area of around 3,193 sqft with a gross floor area of about 4,813 sqft, according to a press release. Located within the Blair Plain Conservation Area, the house could be accessed via the upcoming Cantonment MRT station along the Circle Line and the Outram Park MRT station along the East-West Line.

It is sold with vacant possession and is part of a compact cluster of two- and three-storey shophouses and residential terrace houses, designed across the Late, Transitional, Early Shophouse and Art Deco Styles.

“Fully refurbished heritage terrace houses in the Cairnhill vicinity are currently calling for more than S$10 million per building, depending on the land and floor areas,” said Mary Sai, Knight Frank Singapore executive director of investment and capital markets.

Read more here.

From DealStreetAsia:

Budget hotel chain ZEN Rooms has secured an undisclosed amount of additional investment from South Korean motel operator and existing backer Yanolja, the former said in a statement.

Yanolja, which is backed by Singapore wealth fund GIC Pte and Booking Holdings, also announced that it has upped its holding in ZEN Rooms by purchasing an additional stake in the company from fellow backer Asia Internet Holdings, a joint venture of Rocket Internet and Ooredoo Telecom.

Yanolja invested $15m in ZEN Rooms last year for a non-controlling stake, along with the rights to fully acquire the business. Other investors on the Singapore-based startup’s cap table include Korean firms Redbadge Pacific and SBI Investment Korea.

ZEN Rooms co-founder and CEO Nathan Boublil said the partnership with Yanolja and Booking Holdings will enable the startup to create “the first full-service budget & mid-range hospitality group in SEA, able to deploy world-class technology infrastructure in IoT R&D, automation, hardware and software to all hotels in Southeast Asia.”

Read more here.

From Human Resources Online:

Knowledge sharing platform Tigerhall has announced plans to expand its operations into Malaysia, according to a press release.

This will allow Malaysia-based professionals across all industries to access bite-sized podcasts and ‘Power Reads’ by experts from some of the region’s known brands. For instance, executives who want to learn how to succeed at work can glean insights through a 15-minute Power Read by AirAsia’s head of brand.

Users of the app will also have access to content curated with Asia’s top business leaders from Facebook, Google, DBS and Grab. For example, a marketing manager looking for tips on running an online campaign can learn how to do so directly from Facebook’s head of digital marketing through an 18-minute podcast.

Read more here.