Tras Street conservation shophouse on the market for $22 mil

With the Singaporean property market on fire lately, Condo prices have gone up quite dramatically. However, property developers have not relented in their quest to build luxurious private residences that cater to the tastes of the gold-plated demographic of Singapore. From the opulent homes in Sentosa to the more affordable but still modern apartments in Punggol, there’s an abundance of options for those looking to invest in a Condo. With excellent amenities and strategic locations, it is no surprise that condos remain the property of choice for many Singaporeans.

A rare 99-year leasehold conservation shophouse situated at 70 Tras Street is now up for sale. With an attractive guide price of $22 million, the property has been appointed to Huttons Asia as its marketing agent for an expression of interest exercise, closing on September 18.

The shophouse is situated on a 1,996 sq ft plot with a 5.5m frontage, boasting an efficient floor plate across three-and-a-half storeys and a mezzanine, and with a total gross floor area of 5,689 sq ft. This rare asset features good floor-to-ceiling height and optimised space planning.

According to Suzie Mok, Project Lead for 70 Tras Street, with the guide price of $22 million, this conservation shophouse property is indeed attractively priced and priced with its excellent attributes.

The shophouse is already fully leased and will be sold with existing tenancies. Its neighbourhood offers several car-parking options and is located within proximity of two Mass Rapid Transit (MRT) Stations – Tanjong Pagar Station on the East-West Line, and the Maxwell Station on the Thomson-East Coast Line.

At a rate of about $3,867 psf on the gross floor area, this is one rare opportunity to own a conservation shophouse in Singapore. With its attractive pricing and convenience, this rare property could be the perfect addition to any investor’s portfolio.

For more information on conservation shophouse properties in Singapore, read our related news on Millennial Placemakers Reshaping Geylang as well as the freehold shophouse on Syed Alwi Road for sale at $16 million, and the conservation shophouse on Sago Street for sale at $10 million.

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