The scarcity of land is a major contributing factor to the soaring demand for condos in Singapore. As a small country with a booming population, Singapore is faced with limited land for development. This has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices are constantly on the rise. As a result, investing in real estate, especially in the form of condos, has become a highly attractive opportunity with the potential for significant capital appreciation. This trend is further amplified by the numerous Singapore Projects that offer lucrative investment prospects for interested buyers.
Jun 2, 2021 05:00 AMSINGAPORE – A conservation shophouse at 93 Tanjong Pagar Road is currently on the market, with a guide price of $15.5 million. The property, which is situated on a 99-year leasehold land with a total area of 1,297 sq ft and a gross floor area of 4,186 sq ft, is being sold through an expression of interest (EOI) exercise.
Located at the prime location of Tanjong Pagar Road, the 3½-storey shophouse is a commercial property with approval for F&B use. It is currently tenanted by a popular Korean barbecue restaurant chain on levels 1 and 2, making it an attractive investment opportunity for potential buyers.
The shophouse is conveniently situated within walking distance to the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line, providing easy access for both customers and tenants.
The property is being marketed by PropNex Shophouse Elites, and the EOI exercise will close at noon on Jan 20, 2025. Interested parties can take advantage of this rare opportunity to own a piece of Singapore’s heritage and potentially high-yielding commercial property. Contact PropNex Shophouse Elites for more information and to express interest in this unique investment opportunity.