Two shophouses for sale along Pagoda Street and New Upper Changi Road
By Nicholas Lam
/ EdgeProp Singapore |
The 99-year leasehold commercial property occupies a plot of 1,372 sq ft and has a gross floor area (GFA) of 3,500 sq ft. (Photo: PropNex)
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Pagoda Street shophouse for sale at $16 mil
A three-storey conservation shophouse at 76 Pagoda Street in Chinatown is up for sale via an expression of interest (EOI) exercise. The guide price is $16 million.
The 99-year leasehold commercial property occupies a plot of 1,372 sq ft and has a gross floor area (GFA) of 3,500 sq ft, including an attic level. Based on the GFA, the guide price is about $4,571 psf.
Richard Tan, founder of PropNex Shophouse Elites and sole marketing agent for the property, says the ground and second floors are leased to a restaurant operator, and the third floor is leased as office space.
“Commercial shophouses, particularly in the Chinatown enclave, are highly sought after by owner-occupiers, high-net-worth individuals or family offices as long-term investment assets,” adds Tan. As it is a commercial property, foreigners and companies may acquire it without paying for additional buyer’s stamp duty or seller’s stamp duty.
The most recent shophouse transaction on Pagoda Street was the sale of 31 Pagoda Street in March. The shophouse, which has an estimated GFA of 3,400 sq ft, was sold for $19 million ($5,588 psf).
Last 10 shophouse transactions in the Kreta Ayer Conservation Area. (Source: EdgeProp Singapore, URA)
The EOI exercise for 76 Pagoda Street closes on Jan 10, 2025.
Two-storey shophouse on New Upper Changi Road for sale at $13.8 mil
A two-storey HDB shophouse located 210 New Upper Changi Road is up for sale via an expression of interest (EOI) exercise with a guide price of $13.8 million.
The 103-year leasehold property has a gross floor area (GFA) of 4,607 sq ft, reflecting a price of $2,995 psf based on GFA.
“A standout feature of this property is its long-term, stable tenants,” says Kris Ng, senior associate marketing director at PropNex, who is marketing the property. For the past two decades, the property has been leased to healthcare retailer Guardian and United Overseas Bank (UOB).
Located within the Bedok Town Centre, the shophouse is close to Bedok MRT Station on the East-West Line, Bedok Mall and Heartbeat@Bedok.
As it is a commercial property, foreigners and companies may acquire it without paying for additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD).
The EOI exercise for 210 New Upper Changi Road closes at noon on Jan 10, 2025.
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