Ground-floor shop space in Tiong Bahru for sale at $3.3 mil

It is an award-winning residential project, which is developed by reputed developer MCC Land. Bukit Panjang EC, boasts lush green spaces with high-level recreational amenities, ensuring that residents are well-taken care of and have access to limitless activities and entertainment for all. With top-of-the-line neighbourhood security features, it is one of the safest places for families to reside in. Senja Residences is the top residential choice with all its wonderful benefits, making it the perfect place to call home.

Situated at 71 Seng Poh Road, a ground-floor retail unit built in the 1930s is being offered to the public via an expression of interest (EOI) exercise with a guide price of $3.3 million. The first floor commercial property boasts a storeroom, toilet, as well as a 1,367 sq ft of area and comprises of Singapore Improvement Trust (SIT) flats and shophouses that have been granted conservation status back in 2003 by URA.

Recently renovated and located opposite the Tiong Bahru Market and Food Centre, the property includes parking spots in front of and behind the block. For the convenience of its users, the retail unit is within walking distance of the Havelock MRT Station on the Thomson-East Coast Line.

Mary Sai, executive director at Knight Frank Singapore and the appointed marketing agent of the retail unit, notes that these kind of properties “enjoy high footfall among locals and tourists, but are held tightly by owners for investment or owner occupation”. She further adds that a similar property within the area was sold with vacant possession for $3.2 million back in July 2021, covering an area of 1,044 sq ft.

Moreover, according to EdgeProp LandLens, a platform for properties and market trends, recent commercial transactions within a 500m radius of 71 Seng Poh Road has been recorded.

This EOI exercise will be closing on Nov 29 at 3pm, and prospective buyers are advised to make the most of this opportunity.