Singapore shophouses up for sale

Vivienne Tay
Published Thu, Jul 15, 2021 · 04:12 PM

Another shophouse is being put on the market.

A pair of adjoining freehold three-storey conservation shophouses located at 83 & 85 Keong Saik Road are for sale, said exclusive marketing agent CBRE on Thursday.

To be sold together, 83 & 85 Keong Saik Road command an indicative price of S$30.8 million that works out to about S$3,507 per square foot on the total floor area. The sale will be conducted through an expression of interest (EOI) exercise that closes on Aug 18, at 3pm.

They join the three conservation shophouses at 82, 83 and 84 Circular Road that have been put up for sale via EOI with a guide price of S$28 million. The guide price translates to S$3,790 psf based on the floor area, exclusive marketing agent Savills Singapore said.

82 and 83 Circular Road are both two-storey conservation shophouses, while 84 Circular Road is a three-storey conservation shophouse. Together, they sit on a combined land area of 3,611 sq ft and have been amalgamated with an estimated total built-up area of 7,386 sq ft.

The shophouses are zoned for commercial use and are fully occupied. The EOI for the shophouses will also close at 3pm on Aug 18.

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Also on the market are a three-storey shophouse and adjoining two-storey building at 3 and 9 Norris Road. They are up for sale via tender with an indicative price of S$16.5 million. This translates to S$899 psf based on built-up area, sole marketing agent Edmund Tie said in a press statement dated July 1.

The properties will be sold together in their current condition. Together, they have a total site area of 8,092 sq ft and a total floor area of 18,362 sq ft.

The shophouse is zoned for commercial use, while the two-storey building, formerly known as the Ramakrishna Mission building, is zoned for civic and community institution use under the Little India Historic District.

The former Ramakrishna Mission building at 9 Norris Road was constructed in 1932 and played an important role in shaping the cultural history of Hindus in Singapore, Edmund Tie said. The heritage development was gazetted for conservation in October 2006.

The tender exercise for both properties will close at 3pm on Aug 4.


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