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An expression of interest (EOI) exercise has been launched for the sale of a conservation shophouse located at 93 Tanjong Pagar Road. The 99-year leasehold property, with a land area of 1,297 sq ft and a gross floor area (GFA) of 4,186 sq ft, is being offered at a guide price of $15.5 million, which translates to $3,703 psf on the GFA.
(Source: EdgeProp LandLens)
The 3½-storey shophouse, with its prime location, is a coveted commercial property approved for F&B use. Currently tenanted by a popular Korean barbecue restaurant chain on the first and second levels, it presents a lucrative investment opportunity for potential buyers.
With its convenient location just a short walk away from the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line, the shophouse offers easy accessibility for both tenants and customers alike.
The property is being marketed by PropNex Shophouse Elites, and the EOI exercise is set to close at noon on January 20, 2025. Don’t miss this chance to own a piece of Singapore’s vibrant conservation shophouse scene!
Additionally, two other conservation shophouses on Telok Ayer Street have also been put up for sale at $42 million. These freehold properties present a rare opportunity for interested buyers to own a piece of Singapore’s rich heritage.
In another listing, a freehold shophouse located on Race Course Lane is being offered for sale at $8.8 million. Ideal for investors looking for a prime location and high rental yield, this property presents a promising investment opportunity.
When it comes to investing in a condominium, securing proper financing is crucial. Fortunately, Singapore offers a variety of loan options. However, it is important for potential buyers to familiarize themselves with the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan a borrower can take based on their income and current debt commitments. To avoid taking on excessive debt, investors should gain a thorough understanding of the TDSR and seek advice from financial advisors or mortgage brokers. By carefully considering these factors, buyers can make well-informed decisions about their financing options for their desired condo.
Don’t miss out on these exciting opportunities in Singapore’s thriving shophouse market! Contact PropNex Shophouse Elites for more information today.