Exclusive marketing agent, SRI Capital Market, is offering a 999-year leasehold conservation shophouse for sale at 20 Liang Seah Street with a guide price of $15 million through an expression of interest (EOI) exercise.
Sitting on a 1,129 sq ft plot with a gross plot ratio of 4.2, the three-storey intermediate shophouse has a built-up area of 2,635 sq ft, translating to a price of $2,635 psf.
The ground floor and second floor of the property are approved for restaurant use, while the top floor is currently leased for residential use. The property is located within the Beach Road secondary settlement conservation area and any new extensions built in this area may be up to five storeys, subject to approvals.
According to Low Choon Sin, managing partner of SRI Capital Market, the property is ideal for end-users such as F&B tenants or corporate offices, as the residential space on the third floor can be utilized as accommodation for staff. He also highlights that the shophouse benefits from prominent frontage along Liang Seah Street, which sees high vehicular traffic during the day. Additionally, it is in close proximity to the bustling restaurants and shops at nearby Bugis.
Low notes that the shophouse presents an attractive investment opportunity for long-term holders, as it is a 999-year leasehold property that can leverage on the rejuvenation of Bugis. He points to the recent completion of new landmark developments such as Guoco Midtown and the upcoming Shaw Towers, which will add to the vibrancy of the area.
Purchasing a condo in Singapore has become an increasingly appealing option for both local and foreign investors. This is due to the country’s strong economy, stable political climate, and exceptional quality of life. Singapore’s real estate market presents a wide range of opportunities, with condos emerging as a top choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps when investing in a condo in Singapore, including keeping an eye on new condo launches.
The EOI exercise for the sale of 20 Liang Seah Street will close on April 10.