Shophouse owners roll out more prime properties on market

Singapore

MORE prime shophouse properties have been put on the market as owners ride on a renewed wave of buying interest from local and foreign investors.

JLL is launching an expression of interest (EOI) exercise for 22 and 23 Mosque Street, a pair of restored freehold conservation shophouses spanning three storeys and a mezzanine level. The two shophouses are on a single land lot of about 2,688 sq ft and have a total gross floor area (GFA) of around 7,800 sq ft. The property is fully leased and based on the indicative price of around S$23 million (or S$2,950 psf on GFA), the gross yield works out to 2 per cent.