A portfolio of two freehold strata-titled shophouse units has been put up for sale via an expression of interest (EOI) exercise with a guide price of $9.6 million, according to exclusive marketing agent Savills Singapore.
The first unit for sale comprises the third floor of a freehold shophouse along Keong Siak Road. Spanning 1,039 sq ft, the commercial property will be sold with existing tenancy. It has a guide price of $4.48 million, translating to a price of $4,312 psf based on floor area.
The other unit for sale comprises a ground-floor unit in a shophouse along Joo Chiat Road. Spanning 1,609 sq ft, the property has a guide price of $5.08 million, reflecting a price of $3,157 psf based on floor area. The property is suitable for a range of commercial uses, including F&B takeaway shops, and medical and wellness centres.
According to Savills, both properties benefit from substantial foot traffic and have prominent street frontages. The shophouse units are also strategically situated in lifestyle hubs, which offer popular eateries, boutique hotels, artisanal cafés and creative firms.
“Freehold shophouses remain one of the most coveted asset classes among investors and buyers,” says Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore.
“This portfolio of two freehold strata-titled shophouses — each available for around $5 million — offers a rare and compelling entry point into Singapore’s tightly held shophouse market. Located in Keong Saik and Joo Chiat, these properties present an exceptional opportunity for investors to secure prime assets at a palatable quantum.”
The shophouses can be acquired both individually and collectively. The EOI exercise is expected to close on May 8 at 3pm.
