Three conservation shophouses in Chinatown up for sale at S$30.5m total guide price

shophouses in Chinatown
Shophouses in Chinatown

Shophouses in Chinatown up for sale:

A PORTFOLIO of three shophouses at Ann Siang Road and Keong Saik Road is available to be purchased by articulation of interest at an all out guide cost of S$30.5 million. The properties can be purchased individually or as a portfolio

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A trust organization has appointed property consultancy Knight Frank Singapore to offer the portfolio available to be purchased, Knight Frank said on Wednesday.

Each of the three shophouses are zoned “Business” under Master Plan 2019. As they are business properties, the deal is available to the two local people and outsiders, with no extra purchaser’s stamp obligation and merchant’s stamp obligation forced.

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Two properties are at 13 and 18 Ann Siang Road. With a guide cost of S$8.5 million and S$13 million individually. They have a 999-year leasehold and are prominently situated close to the intersection of Ann Siang Road and Ann Siang Hill. They additionally within the Telok Ayer Conservation Area, and 250m away from the upcoming Maxwell MRT station.

No. 13 Ann Siang Road is a two-story shophouse with an upper room. It has a land zone of around 1,250 square feet and a developed zone of around 2,468 sq ft. This unit was retrofitted a few years prior, Knight Frank said.

No. 18 Ann Siang Road is a three-story shophouse with a storm cellar. It has a land region of around 1,367 sq ft and a developed region of around 4,326 sq ft. The ground floor unit is currently rented to a food-and-refreshment outlet, which utilizes the cellar as a kitchen.

Three conservation shophouses in Chinatown up for sale at

The remaining shophouse, a corner unit, at 3 Keong Saik Road has a guide cost of S$9 million. It is a freehold three-story corner shophouse off Neil Road, in the Bukit Pasoh Conservation Area. It has a land territory of 1,287 sq ft and a developed region of 3,236 sq ft.

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Ian Loh, Knight Frank Singapore’s head of Capital Markets (Land and Building, Collective and Strata Sales) said both freehold and 999-year leasehold shophouses in the prime District 1 and 2 are generally firmly held; there have been less than 30 exchanges per year in the course of the most recent seven years.

“The chance to secure such mind blowing, monitored properties and own a little bit of Singapore’s legacy is difficult to find, especially given its focal area,” he said.

The declaration of-interest practice for each of the three shophouses shuts down at 3pm on Aug 26.

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