Jalan Besar shophouses up for sale with S$17.5m guide price

A PAIR of commercial shophouses in Jalan Besar has been put up for sale via expression of interest with a guide price of S$17.5 million, marketing agent Huttons said on Wednesday (Aug 10).

The 2-storey shophouses, which come with attics, sit on a land plot spanning 2,617 square feet (sq ft), with an existing built-up area of around 7,036 sq ft.

They are zoned for commercial use under the Urban Redevelopment Authority’s Master Plan 2019. This means foreigners and companies are eligible to purchase and no additional buyer’s stamp duty is required.

The properties are within walking distance to Farrer Park and Bendemeer MRT stations, Huttons noted.

Huttons Asia senior group district director Jeremy Lim recommended the properties for gyms, showrooms and offices. He noted that their column-free layout would also allow operators to maximise the use of the interiors.

The expression of interest exercise will close on Sep 7 at 3 pm.