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...
Shophouses
OCBC seems to be on a roll selling conservation shophouse properties of late. It recently sold a pair of adjacent freehold shophouses at 11 and 13 Bukit Pasoh Road for S$25 million. The buyer is understood to be the Leong family behind the famous homegrown Axe Brand medicated oil. The price works out to S$2,940 per square foot on the gross floor area (GFA) of 8,503 sq ft. The gross yield is about 1.5...
FRAGRANCE Foodstuff, which sells traditional Chinese snacks and bak kwa (barbecued meat), is buying two prime adjoining New Bridge Road shophouses where it has been leasing the ground-floor space for its flagship outlet for about a dozen years. It is paying S$20.5 million for the two properties, at the corner of New Bridge Road and Pagoda Street and near the Pagoda Street entrance of the Chinatown MRT...
OCBC is putting another property in its historical property portfolio up for sale. This time it is a pair of freehold conservation shophouses along Bukit Pasoh Road, near Keong Saik Road and a stone's throw from Outram MRT Station. The guide price for 11 and 13 Bukit Pasoh Road is in the region of S$20 million, which works out to about S$2,350 per square foot based on the gross floor area (GFA) of 8,503...
A GROUP of companies controlled by seasoned property investor Stanley Quek is selling seven shophouses for S$81.4 million to boutique real estate investment company 8M Real Estate. Five of the shophouses are adjoining properties at Nos 15, 17, 19, 21 and 23 Tanjong Pagar Road; they are changing hands for S$57.4 million. This works out to S$2,166 per square foot on the estimated gross floor area of...
CBRE has launched an an expression-of-interest exercise for a freehold corner shophouse at 8/8A Sixth Avenue. The property sits on 2,451 sq ft of land, with a total gross floor area of 2,519 sq ft. It has dual-building frontages with high visibility, and comes with approval for F&B use for its ground floor space. It is now fully tenanted and enjoys strong rental income stream, it added. CBRE, the...
Five adjoining shophouses under a single title along 236-244 Geylang Road has been put up for sale by broker JLL. The indicative price for the freehold property is S$28.8 million, or around S$1,350 psf on the total built-up area of 21,349 sq ft. The property is held under a single title, and has seven carpark lots. There is a Chinese restaurant and a provision shop on the ground floor, and an office...
With their colourful facade and distinctive five-foot way, shophouses are reminiscent of Singapore's past. But even in today's modern business environment, there is still a demand for them. At Amoy Street, such shophouses have been taken up by creative outfits, restaurants and even small businesses who are looking for cheaper office space. With office rents already going up by 9.8 per cent in the last...
Oversea-Chinese Banking Corporation (OCBC) is poised to divest a portfolio of more than 30 shophouses and strata shop units across Singapore which market watchers estimate could be worth around S$150-200 million. The shophouses are in locations such as Havelock, Geylang, Upper Thomson and Upper Serangoon roads, while the strata shop units are in places such as Jalan Besar Plaza, Hoa Nam Building along...
Four shophouses at Boat Quay - a single shophouse and a row of three shophouse units - have been put up for sale, according to sole marketing agent DTZ Debenham Tie Leung on Wednesday (Mar 18). The single shophouse has a site area of 1,360 square feet (sq ft) and a gross floor area of 4,321 sq ft, while the three adjoining shophouses have a combined site area of 4,058 sq ft and a combined gross floor...