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Trio of Geylang shophouses put on market with S$12m guide price

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THREE adjoining conservation shophouses at 223, 225 and 227 Geylang Road are up for sale collectively by expression of interest with a guide price of S$12 million, exclusive marketing agent CBRE said on Monday. Read more at The Business Times.

The buyer will have naming and signage rights to the property, which has 15 metres of unobstructed main road frontage along Geylang Road.

CBRE senior director of capital markets Clemence Lee said that the site's freehold tenure, city fringe location and main road frontage would appeal to a wide pool of buyers, including investors, owner-occupiers and small to mid-sized developers. This will allow the property to become a boutique building and potentially house a food and beverage outlet and showroom on the ground floor, with serviced apartments or offices on the upper floor, although this will also be subject to approval from the authorities, Mr Lee said.

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