Freehold commercial shophouses at Jalan Besar going for $17.5 mil

The EOI workout closes on Sept 7.

This implies that foreigners and residents are qualified to buy the residential properties, and also extra purchaser’s stamp task is not applicable for the sale.

A chart showing purchases as well as total market fad for estate shophouses in the Kallang Planing location. Assembled making use of EdgeProp’s study devices

The pair of two-storey-plus-attic shophouses remain on a complete land area of 2,617 sq ft, and also they have an existing built-up area of 7,036 sq ft. The land is zoned for commercial use under the 2019 Master Plan.

Marina Gardens Lane Residences

“The need for and popularity of preservation shophouses have boosted enormously over the past 3 years amongst financiers as well as household offices. Passion has changed to locations like Jalan Besar as the costs are viewed as more reasonable,” states Lee Sze Teck, senior director of study at Huttons Asia.

A pair of adjoining freehold industrial shophouses at Jalan Besar is up for sale in an expression of rate of interest (EOI) exercise. The residential properties have an overview price of $17.5 million, as well as they are presently marketed by Huttons Asia.

According to a press release by Huttons Asia, both shophouses are close to Farrer Park MRT Station on the North-East Line, and Bendemeer MRT Station on the Downton Line.

” The two adjoining units have a really efficient column-free design, permitting drivers to maximise making use of the interior, and also they likewise have a high ceiling of regarding 4.5 metres,” claims Jeremy Lim, elderly team district supervisor at Huttons Asia. He includes that the shophouses would certainly be suitable for use as a gym, display rooms, or workplaces.