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Above: 3 Keong Saik Road conservation shophouse. Photo: Knight Frank.
A portfolio of three conservation shophouses within District 1 and 2, at Ann Siang Road and Keong Saik Road, respectively, has been put up for sale via expression of interest (EOI) for $30.5 million.
Marketing agent Knight Frank noted that the properties can be acquired individually or as a portfolio.
Under the 2019 Master Plan, all three shophouses are zoned for commercial use. As such, both locals and foreigners can acquire the properties, with no Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty (SSD) payable.
13 and 18 Ann Siang Road are 999-year leasehold shophouses that are prominently situated near the junction of Ann Siang Hill and Ann Siang Road.
Located within the Telok Ayer Conservation Area, the two intermediate shophouses are just 250 metres away from the upcoming Maxwell MRT station.
Above: 13 Ann Siang Road shophouse. Photo: Knight Frank
13 Ann Siang Road is a two-storey shophouse with attic. Retrofitted some years ago, it occupies a 116.1 sq m (1,250 sq ft) site and has a built-up area of around 229.3 sq m (2,468 sq ft).
Above: 18 Ann Siang Road shophouse. Photo: Knight Frank
18 Ann Siang Road, on the other hand, is a three-storey shophouse with basement. Nestled on a 127 sq m (1,367 sq ft) site, it has a built-up area of around 401.92 sq m (4,326 sq ft). The ground floor units is leased to a food and beverage outlet, with the basement serving as a kitchen.
13 Ann Siang Road and 18 Ann Siang Road carry a guide price of $8.5 million and $13 million, respectively.
The third shophouse, 3 Keong Saik Road, is a three-storey corner shophouse off Neil Road, within the Bukit Pasoh Conservation Area. It has a land area of around 119.61 sq m (1,287 sq ft) and built-up area of about 300.64 sq m (3,236 sq ft).
Located near the Outram Park MRT interchange, the freehold shophouse comes with a guide price of $9 million.
“Both freehold and 999-year leasehold shophouses in prime Districts 1 and 2 are usually tightly held, with less than 30 transactions per year over the last 7 years. The opportunity to acquire such splendid, conserved properties and own a little piece of Singapore’s heritage is hard to come by, particularly given its central location,” said Ian Loh, Head of Capital Markets (Land & Building, Collective & Strata Sales) at Knight Frank Singapore.
The EOI exercise for all three shophouses closes on 26 August.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg