The seven adjoining shophouses in Geylang are currently fully tenanted, and are being offered for sale at around S$40 million to S$42 million.The two adjoining, tenanted shophouses in Joo Chiat are nestled within a popular food street, and are being offered for sale at around S$7 million to S$7.5 million.
The Geylang shophouses are located at the corner of Geylang Road and Lorong 14 Geylang, near Aljunied MRT station. They have a total land area of 10,520 square feet and a gross floor area of about 18,000 sq ft.The block is fully tenanted and comprises a corner coffee shop, a mobile phone retailer, a Thai massage parlour and other retail trades.
As for the two Joo Chiat properties, they have a land area of 2,393 sq ft and a GFA of about 4,600 sq ft. “We expect good levels of interest from owner-occupiers and investors looking to develop a presence in the Joo Chiat conservation area,” Ms Sai noted.