>

>

[Update] Row of three shophouses at Kreta Ayer Road up for sale at $49 mil

By Atiqah Mokhtar

/ EdgeProp Singapore |

February 9, 2022 5:01 PM SGT

A row of three freehold, corner commercial shophouses at 47, 49, and 71 Kreta Ayer Road are on the market with a guide price of $49 million. (Photo: Savills Singapore)

SINGAPORE (EDGEPROP) - A row of three freehold, corner commercial shophouses at 47, 49, and 51 Kreta Ayer Road are on the market with a guide price of $49 million.

Read also: Shophouse sales surge to all-time high of $1.9 bil in 2021: Knight Frank

Savills Singapore is the exclusive marketing agent for the property.

The three-storey shophouses are located on a combined land site of approximately 5,610 sq ft, with an estimated total built up area of around 11,613 sq ft. This translates to a psf price of $4,219, based on the floor area.

The shophouses sit on land zoned for commercial use. They also come with F&B approvals for the entire ground floor, which is currently tenanted by F&B operators. Meanwhile, the upper floors are currently leased to a diversified list of MNCs, says Savills. (Find Singapore commercial properties with our commercial directory)

Located at the junction of Keong Saik Road and Kreta Ayer Road, the shophouses also have 65m-wide dual-road frontages.

Yap Hui Yee, senior director, investment sales & capital markets at Savills Singapore, notes the rarity of having a row of three shophouses in the Keong Saik area on the market.

“Given the properties’ rarity and excellent attributes, coupled with the close proximity to the upcoming Maxwell MRT Station and Outram Park MRT Interchange Station, it is an exceptional opportunity to acquire a row of charming shophouses in an exciting and fast-growing precinct,” she comments.

The sale will be conducted through an expression of interest exercise which closes on March 15 at 3pm.

Check out the latest listings near Kreta Ayer Road, Keong Saik Road, Maxwell MRT Station, Outram Park MRT Interchange Station

Tags:

Keong Saik commercial shophouses Kreta Ayer Road Keong Saik Road Savills Singapore

Follow Us

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

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

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