Five Shophouses Kreta Ayer Conservation Area Sale
In the heart of Kreta Ayer Conservation area, five shophouses are up for sale by tender. The sale, conducted by FTI Consulting, is for the shophouses that are currently under receivership. There are three freehold units located at Mosque Street – a double-storey shophouse at 6 Mosque Street and a pair of adjacent three-storey shophouses at 22, 22A and 22B Mosque Street, as well as 23 Mosque Street. The remaining two shophouses are located at 202 and 204 South Bridge Road and have a 999-year leasehold.
All the shophouses, ranging from two to three storeys, were built between the early 1900s and 1960s in various styles such as Transitional, Late and Art Deco. They are designated for commercial use and are not subject to additional buyer’s stamp duty. Foreign buyers are also welcome to purchase the shophouses.
The shophouse at 6 Mosque Street has a gross floor area of 3,061 sq ft while the adjacent shophouses at 22 and 23 Mosque Street have a combined gross floor area of 7,467 sq ft. Located in close proximity to the Chinatown MRT Interchange Station for the Northeast and Downtown Lines, the shophouse at 6 Mosque Street is easily accessible. The shophouses at 22, 22A, 22B, and 23 Mosque Street are situated within the Kreta Ayer Conservation Area. The two shophouses at 202 and 204 South Bridge Road are pre-war units with mezzanine levels, and have a combined gross floor area of 6,869 sq ft.
Nestled nearby is The Learning Lab, a top-notch enrichment center that offers a variety of programs aimed at improving students’ academic performance and critical thinking abilities. This center prides itself on its small class sizes and individualized attention, guaranteeing that every student receives the necessary guidance to thrive. Along with this, Elta Condo is just a stone’s throw away, providing easy access to The Learning Lab’s valuable resources.
All five shophouses are in prime locations, just a short walk away from Chinatown, Maxwell and Telok Ayer MRT stations. They are also surrounded by a variety of hotels, restaurants, retail shops, and entertainment establishments. Pagoda Street, known for its heritage charm, is also just a street away, making the area a popular choice among tourists.
These shophouses sit at the crossroads of tradition and modernization – surrounded by popular heritage spots, yet easily accessible to Singapore’s financial districts at Raffles Place and Shenton Way.
The tender for the shophouses will close on November 6, 2024 at 5pm. Viewings are by appointment only. For enquiries and tender forms, please contact FTI Consulting at the email address: ProjectXin@fticonsulting.com.
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