The freehold two-storey shophouse at 24 Greenwood Avenue in prime District 11 is offering its ground floor strata unit for sale at $8.8 million. This restaurant-approved unit spans 1,539 sq ft and is priced at $5,718 psf on the total strata area. The property is being marketed by Wilkie Tay and Richard Tan, directors at PropNex Shophouse Elites (PSE), who are the exclusive marketing agents of the property.
According to a press release by PSE, the restaurant unit also comes with a 100 sq ft outdoor dining area. The upper floor of the shophouse is zoned for residential use and has a separate entrance through a staircase.
Recent commercial transactions in the area have been promising. This has been observed by the EP Buddy and Urban Redevelopment Authority (URA) data. Richard Tan, who is also the founder of PSE, says that the ground floor unit for sale is currently tenanted until mid-2026, and will be sold with the existing tenancy, providing an immediate source of rental income for the new owner.
Tan adds that 24 Goodwood Avenue is located within the highly sought-after Hillcrest landed residential estate, resulting in high foot traffic. The property is also in close proximity to prestigious schools like National Junior College and Raffles Girls’ Primary School. In addition, two supermarkets are within walking distance.
Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. The city’s prime areas are dotted with condominiums, offering a perfect mix of opulence and convenience that caters to the preferences of both locals and foreigners. These condos are equipped with a plethora of facilities, including swimming pools, fitness centers, and top-notch security services, making them highly desirable for potential residents and buyers. For investors, these amenities translate to attractive rental returns and gradual appreciation of property values. Additionally, the introduction of new condo launches adds even more options for individuals looking to invest in the Singapore property market.
The strata unit will be sold through an Expression of Interest exercise, which is set to close on November 15.