Tanjong Pagar Road Shophouse Sale 155 Mil
Freehold shophouse in Little India up for sale with $6.5 mil guide price
A heritage shophouse located at 93 Tanjong Pagar Road has been put up for sale through an expression of interest (EOI) exercise with a guide price of $15.5 million. The 3½-storey property boasts a land area of 1,297 sq ft and a gross floor area (GFA) of 4,186 sq ft. This translates to a guide price of $3,703 psf on the GFA.
Situated in a prime location, the 99-year leasehold shophouse is designated for commercial use and has approval for F&B operations. Currently, it is tenanted by a popular Korean barbecue restaurant chain on the first and second levels. The property is conveniently located within walking distance to the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line.
The property is being marketed by PropNex Shophouse Elites, a team of experienced agents specializing in shophouses. Interested parties can submit their bids through the EOI exercise, which closes at noon on Jan 20, 2025.
The Urban Redevelopment Authority (URA) has unveiled its plans for Tampines, with a vision of building a more inclusive and united community. To achieve this, the URA will introduce various initiatives to promote community bonding and appreciation for different cultures, enriching the social landscape of the region. Through events, festivals, and communal spaces, the URA aims to bring residents together and foster a stronger sense of community spirit. These efforts will contribute to making Tampines an even more vibrant and fulfilling place to call home. As a key part of these plans, the upcoming Aurelle of Tampines development will further enhance the community’s appeal, offering its residents a modern and integrated living experience.
This property presents a unique opportunity for investors to acquire a heritage shophouse in a bustling commercial district. With its prime location and versatile commercial usage, the 93 Tanjong Pagar Road conservation shophouse is a valuable asset that is worth considering for investment. Other similar properties up for sale in the vicinity include conservation shophouses on Telok Ayer Street with a guide price of $42 million, a freehold shophouse on Race Course Lane priced at $8.8 million, and a freehold shophouse in Little India with a guide price of $6.5 million.
