Shophouse on Sims Road on sale for $7.5 mil

When considering to invest in a Singapore Condo, there are a few important points to consider. Firstly, the location. A condo in a good location with a nice view may come at a hefty price, but it is generally a good investment. The second is the tenure, whether the condo is freehold or leasehold, as the former has no restriction on ownership. Last but not least, the condition of the property itself. Investing in a condo with already existing furnishing and equipment may initially cost more, but the condition of the property should still be checked and taken into account. With a bit of research and luck, buying a Singapore Condo can be a great investment.

A rare corner shophouse situated at the junction of Sims Avenue and Lorong 21A Geylang with dual frontage on both roads has been put up for sale at an attractive price quantum of below $10 million. Huttons Asia, the property’s marketing agent, announced the guide price of $7.5 million for the two-storey shophouse with a total built-up area of about 3,830 sq ft, which translates to $1,958 psf on the floor area.

Jeremy Lim, senior group district director of Huttons Asia noted that the corner shophouses with dual frontage are rare and highly sought after. The property is certainly expected to draw in many prospective buyers and investors given its location in a popular area in District 14.

The shophouse is fully leased and the new owner can continue to enjoy an attractive yield or convert it into mid- to high-end dining to increase the returns. Lee Sze Teck, senior director of research at Huttons Asia said that the opportunity for such attractive pricing in this area is not to be missed.

An expression of interest exercise has been opened for the property which will close on July 20. With its good location and attractive price quantum, the shophouse is expected to draw in much interest from buyers and investors.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *