Shophouse at 93 Club Street on the market for $9.9 mil

/ EdgeProp Singapore |
The three-storey shophouse for sale has a guide price of $3,552 psf. (Picture: PropNex Realty)
SINGAPORE (EDGEPROP) - A 999-year leasehold shophouse at 93 Club Street is on the market for $9.9 million. The three-storey property has a total built-up area of 2,787 sq ft and the guide price translates to $3,552 psf on the built-up area. PropNex Realty is the sole marketing agent for the transaction.
The shophouse is prominently located at the junction of Ann Siang Hill and Club Street in District 1. The property is close to the upcoming Maxwell MRT station on the Thomson-East Coast Line, as well as the existing Telok Ayer and Chinatown stations on the Downtown Line.
The shophouse sits on a site that is zoned ‘Commercial’ under the 2019 Master Plan. However, the ground floor of the shophouse is approved for restaurant use while the second floor has approval to operate as a shop serving take-away food. (See: Find Singapore commercial properties with our commercial directory)
Advertisement
“This property presents a rare long-term investment opportunity in this coveted area where F&B shophouses are tightly-held,” says Loyalle Chin, senior associate division director, PropNex Realty.
Recent shophouse transactions in the area include 44 Club Street which was sold for $12.35 million on July 12 this year, and 46 Club Street which changed hands for $13.15 million on the same day.
The sale of 93 Club Street is “probably the lowest quantum for a 999-year F&B shophouse in the Telok Ayer Conservation Area under S$ 10 million,” says Chin. He expects keen interest from investors and end-users who are looking to locate their business or family office.
Check out the latest listings near Club Street, Maxwell MRT station

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

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.

View More