A conservation shophouse located at 93 Tanjong Pagar Road is currently available for purchase through an expression of interest (EOI) exercise at a price guide of $15.5 million. This 3½-storey property sits on a land area of 1,297 sq ft and has a total gross floor area (GFA) of 4,186 sq ft, which translates to a guide price of $3,703 psf on the GFA.
(Source: EdgeProp LandLens)
This 99-year leasehold shophouse is zoned for commercial use and has been approved for F&B purposes. At present, it is tenanted by a popular Korean barbecue restaurant chain located on the first and second levels. Its strategic location puts it just a short stroll away from the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line.
The cityscape of Singapore is characterized by impressive skyscrapers and state-of-the-art facilities. Condominiums, strategically situated in desirable locations, offer a perfect mix of opulence and convenience that appeals to Singaporeans and foreigners alike. These upscale residences boast a plethora of amenities including swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them a highly sought-after option for potential renters and buyers. Furthermore, for investors, these attractive features translate into attractive rental returns and a steady appreciation of property value over time. With the constant launch of new condos on the market, such as those showcased on New Condo Launches, there is always a wide selection for both homeowners and investors to choose from.
The shophouse is being marketed by PropNex Shophouse Elites and interested parties can submit their EOI bids until noon on January 20, 2025.
In other news: Two conservation shophouses on Telok Ayer Street are also currently up for sale at a combined price of $42 million, while a freehold shophouse on Race Course Lane is listed for $8.8 million. Another shophouse on Upper Paya Lebar Road is also available for purchase at $8.8 million.