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With a combined strata area of 3,057 sq ft, the property is located within the heart of the residential neighbourhood of Siglap and is within a 10-minute walk from the future Siglap MRT Station.
CBRE has put up for sale via Expression of Interest (EOI), two adjoining freehold ground-floor shop units inside Siglap Shopping Centre, for an indicative price of S$8.8 million that translates to around S$2,878 per sq ft (psf).
With a combined strata area of 3,057 sq ft, the property is located within the heart of the residential neighbourhood of Siglap and is within a 10-minute walk from the future Siglap MRT Station.
It also has a prominent road frontage along East Coast Road, high visibility and convenience of a car park located nearby.
The locality is also home to many entertainment, F&B and retail offerings which has turned out to be popular among expatriates and locals.
“This is a rare opportunity for both investors and end-users to own freehold ground-floor units in the bustling Siglap estate, and at an attractive price. Units on the ground floor are usually tightly held and are seldom made available for sale due to their high visibility and the heavy human traffic flow,” said Michael Tay, CBRE senior executive director.
Potential alternative uses, which include healthcare/educational institutions, retail shops, home & living, lifestyle businesses, cafes, showrooms and fitness centres, can be had subject to approval from relevant authorities.
No Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty will be imposed on the sale and both companies and foreigners will be eligible to buy the property.
The EOI exercise for the adjoining ground-floor shop units ends on 30 October.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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