Five shophouses on Devonshire Road on sale for $40 mil

EdgeProp Singapore

November 30, 2021

SINGAPORE (EDGEPROP) - A collection of five shophouses along Devonshire Road in prime District 9 have been put up for sale. The properties are individually owned by separate owners, and the shophouses can be acquired individually or in a joint sale.

According to sole marketing agent Richmond Capital Investments, the owners are seeking between $38 million to $40 million for the sale of all five shophouses together. Alternatively, each shophouse has a guide price of between $7.5 million to $8 million if sold on an individual basis.

Each shophouse sits on an individual lot that ranges from 1,100 sq ft to 1,725 sq ft, and they have a built-up area that ranges from 2,700 sq ft to 3,666 sq ft. Each plot is zoned ‘residential’, with a plot ratio of 2.8.

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