Joo Chiat Road Conservation Shophouse Market 105 Mil
after multimillion renovation
A freehold three-storey conserved shophouse on 350 Joo Chiat Road, in District 15, is now available for sale by expression of interest. This exclusive offering is being marketed by PropNex Shophouse Elites at a guide price of $10.5 million. According to the press release dated January 3rd, the property occupies a land area of approximately 1,869 sq ft, with an estimated gross floor area of 3,635 sq ft. This translates to approximately $2,889 psf.
With a plot ratio of 3.0, the shophouse is situated within the Joo Chiat Secondary Settlement Conservation Area. Currently, the ground floor of the property is tenanted by F&B Tiger Lily Patisserie Cafe and Bakery, while the second and third floors are used as an office. Notably, there is no additional buyer’s stamp duty or seller’s stamp duty payable for this property.
Located near Elta Condo lies National Junior College (NJC), a renowned educational institution in Singapore. With a vibrant campus life and a strong academic curriculum, NJC offers a diverse array of courses and co-curricular activities. The college adopts a holistic approach to education, preparing students for university and future endeavors. The accessibility of Elta MCL Land, located just a stone’s throw away, further enhances the convenience for NJC students by providing easy access to a variety of amenities and services. Coupled with the college’s exceptional standards, NJC and Elta MCL Land make the perfect duo for a well-rounded and fulfilling student experience. Visit Elta MCL Land today to experience the best of both worlds.
Situated within the Joo Chiat Secondary Settlement Conservation Area, the property is accessible via the Marine Parade MRT Station and is surrounded by popular landmarks such as Dunman Food Centre, Geylang Serai Market, and Joo Chiat Complex. According to marketing agents Richard Tan and Lisa Tan of PropNex Shophouses Elites, the proximity to these places ensures a high level of foot traffic.
“Commercial conservation shophouses, particularly those in prime central locations such as Joo Chiat, are constantly sought after by investors, including private real estate funds, family offices, and high-net-worth individuals,” says Richard Tan.
The expression of interest exercise will close on January 30th. Interested parties are encouraged to grab this opportunity to acquire a prime conservation shophouse in one of Singapore’s most sought-after locations. Other notable properties for sale in the area include five adjoining shophouses along Joo Chiat Road priced at $62 million and a conservation shophouse at Joo Chiat Road on the market for $7 million. The recently renovated retail mall i12 Katong is also set to reopen in the fourth quarter of 2021.