We just returned from a trip that included 4 nights in Singapore. We had just missed a window where HGI was offering a room for 10K points - and they raised it to 20K points. However, there was a flash sale with advance purchase for $75/night which we booked.
I would highly recommend it. No lounge though. But food is cheap in Little India and at hawker centers. It is not a luxury hotel, but will find it acceptable. It was also refurished in the last year.