A portfolio of three residential properties in District 8 is up for sale through an expression of interest (EOI) exercise. The properties have a collective guide price of $21.18 million and can be purchased together or separately, according to exclusive marketing agent Knight Frank Singapore.
Two of the properties are located at 28 and 32 Roberts Lane, close to Farrer Park MRT Station on the North-East Line. Both properties are zoned for “residential with commercial at first storey” use.
The property at 28 Roberts Lane is a six-storey building with a gross floor area (GFA) of about 8,522 sq ft. It has a guide price of $14 million, lower than the $16.88 million it was listed at last year, says Mary Sai, executive director of capital markets at Knight Frank Singapore. She adds that the property’s guide price was revised “in view of current market sentiment emerging from global tariff turmoil”.
The property’s guide price works out to $1,642 psf on the GFA. The owner will also have naming rights for the building.
The property, which occupies a land area of 2,003 sq ft, includes a shop on the ground floor and five apartments on the upper floors. It also comes with a lift and a staircase. According to Sai, an outline permission has been recently granted to allow a change of use for the apartments on the second to sixth storeys to serviced apartments II (SA2).
The property at 32 Roberts Lane (Picture: Knight Frank Singapore)
The property at 32 Roberts Lane is a two-storey conservation shophouse with an attic. Situated on a land area of 1,244 sq ft, it has a GFA of about 2,200 sq ft and is fully tenanted. The property has a guide price of $5.5 million, or about $2,500 psf on the GFA. As the property falls within a secondary settlement area, the new owner will be able to increase the property’s existing floor area through rear extensions, Knight Frank highlights.
District 8 shophouses remain sought after among investors, says Knight Frank’s Sai. “District 8 has seen more shophouse transactions over the past few years compared to the areas in the city centre. There have been over 143 caveated freehold or 999-year tenure shophouse transactions there since 2022,” she observes.
Meanwhile, the third property up for sale is a four-bedroom walk-up flat located on Upper Weld Road. The property has a guide price of $1.68 million, or $1,219 psf on its floor area of 1,378 sq ft.
The Upper Weld Road property is a four-bedroom walk-up flat Picture: Knight Frank Singapore)
The EOI exercise for the properties will close on May 29 at 3pm.
