SINGAPORE (EDGEPROP) - A freehold four-storey building at 8 Kim Keat Road has been put on the market at an indicative price of $9.5 million, or $1,335 psf based on built-in area.

It sits on a 2,015 sq ft site zoned “residential with commercial at first storey”, with a plot ratio of 3.0 under URA Master Plan 2019. It also has a prominent road frontage along Kim Keat Road.

The building was refurbished in 2012 and is currently fully leased. It offers investors an opportunity to acquire an income-generating asset at the city fringe, says Steven Tan, senior director of Investment Services at Colliers. He notes that the property is suitable for co-living spaces as it is near Health City Novena, a 17ha integrated healthcare hub that will be fully completed in 2030.

The expression of interest exercise for 8 Kim Keat Road will close on April 7 at 3pm.

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