Singapore shophouse market revival continues with more properties for sale

SINGAPORE - More shophouses in Singapore have been launched for sale or transacted this week as the market continues to heat up after a months-long lull from pandemic-related restrictions.A four-storey conservation shophouse at 14 Mohamed Sultan Road, near Fort Canning Park, was also sold on Tuesday at $12.2 million, Isabel Redrup Agency told The Business Times .

River Valley Meanwhile, three adjoining freehold shophouses at 262, 264 and 266 River Valley Road have been offered for sale via an expression of interest exercise, said sole marketing agent Edmund Tie. They are fully tenanted and hence suited for investors seeking immediate income, said Edmund Tie's executive director of investment advisory Tan Chun Ming.

The 999-year leasehold property comprises two storeys with an attic, and spans a land size of 2,083 sq ft. A 999-year leasehold shophouse at 5 Tan Quee Lan Street is open for offers at an indicative price starting from $15 million. Both freehold shophouses have two storeys and are zoned"commercial". They occupy a 1,470 sq ft land plot and a floor area totalling 2,616 sq ft.

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