>

>

Freehold conservation shophouse on Upper Weld Road in Little India for sale at $4.8 mil

By Atiqah Mokhtar

/ EdgeProp Singapore |

September 15, 2021 5:48 PM SGT

44 Upper Weld Road (Credit: CBRE)

SINGAPORE (EDGEPROP) - A freehold three-storey conservation shophouse located at 44 Upper Weld Road has been put on the market for $4.8 million. The shophouse has a total floor area of approximately 3,000 sq ft, with the guide price translating to $1,600 psf based on the total floor area.

Read also: Conservation shophouse along Boat Quay for sale at $16 mil

The shophouse sits on land plot of approximately 1,020 sq ft and is currently fully tenanted.

The property is zoned for commercial use under the Little India Historic District Conservation Area, which means that foreigners are also eligible to purchase and there will be no additional buyer’s stamp duty or seller’s stamp duty imposed on the property transaction. (See also: Find Singapore commercial properties with our commercial directory)

CBRE is the appointed agent for the property.

Clemence Lee, senior director, capital markets, Singapore at CBRE points out that the buyer of the property can explore change-of-use options for the shophouses, and will also have naming and signage rights to the property.

"The site’s excellent attributes, such as its freehold tenure and a prime city fringe location, are plus points and we’re confident that it will appeal to a wide pool of buyers including investors and owner-occupiers," he says.

The shophouse is located near the Jalan Besar MRT Station on the Downtown line.

The expression of interest exercise will close on Oct 21 at 3pm.

Check out the latest listings near Upper Weld Road, Jalan Besar MRT Station

Tags:

Upper Weld Road Little India conservation shophouse

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00