999-year Jalan Besar shophouse selling for $5.9 mil

Timothy Tay
EdgeProp Singapore

September 22, 2021

As a non-conservation shophouse the property benefits from the flexibility to configure the space to suit a range of commercial uses.

A 999-year non-conservation shophouse at 284 Jalan Besar is on the market for $5.9 million. The property will be sold in an expression of interest (EOI) exercise, and Savills Singapore is the appointed marketing agent.

The non-conservation shophouse is on a 1,600 sq ft site and has a built-up area of 3,100 sq ft. The guide price translates to $3,687.5 psf on the land area.

The site is zoned ‘Commercial’ under the 2019 Master Plan. The two-storey shophouse with attic is suitable for value-add or redevelopment, and the new building could be up to six-stories high. The property is equipped with modern specifications including renovated toilets and a full-sized kitchen.

Read more at: https://www.edgeprop.sg/property-new...selling-59-mil