On the Singapore market: CBD space, shophouses, condominium retail shops

THE Singapore property market is flush with activity this week, with spaces in the central business district (CBD), Little India, Kampong Glam and Eunos up for sale.

From heritage buildings and commercial properties to retail clusters, here are some spaces on the market this week:

Little India land parcel, commercial properties

A land parcel spanning 25,864 square feet (sq ft), as well as the four commercial properties sitting on it, are up for sale via expression of interest (EOI) with a guide price of S$55 million, marketing agent Showsuite Consultancy said on Thursday.

The portfolio comprises a single-storey retail building at 672 Chander Road, which houses 14 shops; a two-storey heritage bungalow at 37 Kerbau Road; and a pair of single-storey shops fronting Buffalo Road. The four buildings have a combined gross floor area of 16,800 sq ft.

The EOI exercise closes at 2.30pm on May 5.

Kampong Glam shophouses

The freehold shophouses at 33 and 35 Sultan Gate in the Kampong Glam conservation area are up for sale via EOI, with an indicative price of S$11.55 million, sole marketing agent CBRE said on Thursday.

This translates to around S$3,500 per sq ft, based on an estimated built-up area of 3,300 sq ft. The shophouses occupy a combined land area of 1,771 sq ft, held under an individual land title. They come with permanent food and beverage approval for the first and second floors.

The EOI exercise for the shophouses closes on April 29.

Retail cluster at Parc Esta condominium in Sims Avenue

Five adjoining strata-titled shops at Parc Esta condominium in Sims Avenue are up for sale via EOI, with a S$2 million guide price for each shop, marketing agent Showsuite Consultancy said on Wednesday.

Each of the five shops has a strata area of 657 sq ft and a frontage of 6.56 metres along Sims Avenue. If a retailer occupies all five units, the combined strata area will be 3,283 sq ft. Situated opposite Eunos MRT station, the 1,399-unit Parc Esta by developer MCL Land will be completed in the first half of 2022.

The EOI exercise closes at 2.30pm on April 28.

Three strata commercial units at GB Building

Three strata-titled commercial units in the CBD are up for sale via EOI. The units are in GB Building at 143 Cecil Street and have a total strata area of 31,086 sq ft, exclusive marketing agent Knight Frank said on Thursday.

The portfolio includes a retail podium spanning the first and second levels of the building, as well as full-floor office units on the third and eighth floors, with strata areas ranging from 5,425 sq ft to 13,067 sq ft.

The expression of interest exercise closes at 3pm on April 28.


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