Freehold commercial shophouses at Jalan Besar going for $17.5 mil

Boulevard 88 Register Interest

The EOI workout closes on Sept 7.

A graph showing deals as well as general market trend for freehold shophouses in the Kallang Planing location. Put together utilizing EdgeProp’s study devices

Both of two-storey-plus-attic shophouses rest on a total acreage of 2,617 sq ft, as well as they have an existing built-up area of 7,036 sq ft. The land is zoned for commercial usage under the 2019 Master Plan.

” The 2 adjacent devices have an extremely effective column-free format, allowing drivers to maximise using the inside, and also they likewise have a high ceiling of regarding 4.5 metres,” claims Jeremy Lim, elderly group district director at Huttons Asia. He adds that the shophouses would appropriate for use as a health club, display rooms, or workplaces.

This means that foreigners and residents are qualified to purchase the properties, and extra buyer’s stamp task is not applicable for the sale.

According to a press release by Huttons Asia, the two shophouses are close to Farrer Park MRT Station on the North-East Line, and also Bendemeer MRT Station on the Downton Line.

A pair of adjacent freehold industrial shophouses at Jalan Besar is up for sale in an expression of interest (EOI) workout. The residential properties have a guide cost of $17.5 million, as well as they are currently marketed by Huttons Asia.

“The need for and also appeal of conservation shophouses have actually increased tremendously over the past three years amongst capitalists as well as household offices. Passion has shifted to areas like Jalan Besar as the prices are viewed as even more sensible,” says Lee Sze Teck, elderly supervisor of study at Huttons Asia.