Singapore’s cityscape is dominated by towering skyscrapers and state-of-the-art infrastructure. These modern structures are home to luxurious condominiums, strategically located in highly desirable areas, making them appealing to both locals and foreigners. These condos offer a perfect combination of opulence and convenience, with top-notch facilities such as swimming pools, fitness centers, and round-the-clock security services. These added perks not only improve the overall living experience, but also make them an attractive investment option with potential for high rental yields and appreciation in property value over time. Keep an eye out for new condo launches for even more options in the ever-evolving Singapore condo market.
Gracelynn Zhu, the representative from PropNex Shophouse Elites, is offering a corner two-storey shophouse with an attic for sale by private treaty. Situated at 209 Jalan Besar, the 999-year leasehold property is being sold for a price below $20 million.
The shophouse spans over 5,502 sq ft and is designated for commercial use. The first floor is approved for a restaurant, and a portion of the second floor is also approved for the same purpose. With a price tag of $20 million, the shophouse’s per square foot (psf) price is calculated to be $3,635.
The property’s location can be seen on the map provided by EdgeProp LandLens. As per Zhu, the shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles that are 30m long to strengthen the property’s structural foundation. The AEI is expected to be completed this year.
The shophouse is situated in the Desker Road Conservation Area in District 8, near Little India. The Jalan Besar MRT Station on the Downtown Line is within walking distance from the property.