Savills Singapore has announced the sale of two freehold strata-titled shophouses located in Singapore’s culturally rich districts. The properties, 6B Keong Saik Road and 290G Joo Chiat Road, are being marketed exclusively by Savills as a rare investment opportunity.
The shophouse at 6B Keong Saik Road is situated on the third floor within the Bukit Pasoh Conservation Area. It boasts excellent accessibility to Tanjong Pagar, Outram Park, and Maxwell MRT stations. Currently leased to an established tenant, this unit will be sold with the tenancy in place, offering immediate rental income. The guide price for this property is S$4.48 m.
Meanwhile, 290G Joo Chiat Road is a ground floor unit with a flexible layout, suitable for various uses such as F&B takeaway shops, medical, or wellness centres. This property, priced at S$5.08m, is located in a thriving enclave known for successful takeaway ventures like Petit Pain and Olsen Bakehouse.
Yap Hui Yee, Executive Director of Investment Sales & Capital Markets at Savills Singapore, highlighted the appeal of these properties, stating, “Freehold shophouses remain one of the most coveted asset classes among investors and buyers. This portfolio offers a rare and compelling entry point into Singapore’s tightly held shophouse market.”
Interested parties can acquire the shophouses individually or collectively and are invited to submit bids through an Expression of Interest exercise closing on 8 May 2025. With strong rental upside and long-term capital appreciation potential, these properties represent a unique opportunity in Singapore’s real estate market.
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