Shophouses

A collection that includes seven freehold shophouses, 15 terrace houses, four walk-up apartments and three plots of state land at the intersection of St George’s Road and Serangoon Road has been launched for sale at a reserve price of $133.7 million. A short four-minute walk from Boon Keng MRT station, the properties have a total land area of 25,621 sq ft. Owners of the 29 units can expect to receive...

A row of four contiguous freehold conservation shophouses at No. 15, 17, 19 and 21 Tessensohn Road (the “Property”) has been launched for sale. Cushman & Wakefield, the appointed marketing agents for the site is expecting a good reception to the tender as the property can be partially developed into a mixed use retail/residential project in a charming heritage precinct dotted with conservation...

Wah Loon Engineering founder Alan Chong has recently snapped up one of the tallest conservation shophouses along Boat Quay for S$21.35 million. Spanning six levels, the shophouse has an estimated built-up area of 6,300 sq ft, according to information on the website of Clifton Partners, a real estate investment firm. The property is being sold by an affiliate of the company. Boasting views of the...

Eight shophouses in Jalan Besar – 593 Serangoon Road, 458 Race Course Road and 1 to 11 Balestier Road, will be put up by the Urban Redevelopment Authority (URA) for conservation status. The conservation of these eight shophouses will complete the cluster of heritage buildings along Serangoon Road, Race Course Road and Tessensohn Road, and add to the rich character and history of the Jalan Besar...

Shophouse prices have appreciated significantly in the past year or so. What's fuelling interest in these prime conservation properties? A niche market often bypassed by real estate investors due to its specific guidelines on use, the prime conservation shophouse market in Singapore's city core has been buzzing with activity of late. Shophouses in the CBD and Chinatown (the old postal districts 1 and 2)...

A row of six adjoining conservation shophouses in Tanjong Pagar has been put up for sale at an indicative price of $57.8 million. Marketing agent JLL yesterday said the guide price for the units - 48 to 56 Peck Seah Street - works out to about $2,900 per sq ft, based on the existing gross floor area of 19,938 sq ft. The units, which are owned by a fund managed by Phoenix Property Investors, have a...

A PAIR of freehold shophouses along Temple Street in the Chinatown area are changing hands for S$18.5 million. The price works out to around S$2,125 per square foot based on the estimated floor area of 8,700 sq ft. Standing on 2,658 sq ft of land, the shophouses span three storeys and an attic. They are currently leased to Lau Choy Seng, which sells kitchen equipment and cooking ware on the ground...

A Lee Foundation-linked company has sold a row of four freehold conservation shophouses along Outram Road for S$23.8 million to construction and property group Chiu Teng. In another deal, a pair of adjoining shophouses at 277 and 279 New Bridge Road - where Korean BBQ and steamboat restaurant Manbok operates on the ground floor - was sold for S$14.5 million. The freehold, four-storey shophouses,...

TWO ultra high net worth foreign property investors in Singapore are expanding their presence here. In the luxury condo market, a Hongkonger and Singapore permanent resident who co-founded a jewellery business in the Special Administrative Region is understood to have picked up a duplex penthouse at Nassim Park Residences for S$21.2 million. The 6,878 square feet penthouse - which has four bedrooms,...

LEE Rubber Company is selling a stand-alone block of 11 adjoining conservation shophouses in Lavender Street for nearly S$55.56 million. A fully-owned unit of Lee Rubber that owns the freehold interest in the property will carve out a 99-year leasehold interest for the buyer, Broadway Textile. Broadway is located at Textile Centre along Jalan Sultan nearby and is understood to have a part...