A rare opportunity to own a 999-year leasehold conservation shophouse at the bustling Liang Seah Street has emerged, as SRI Capital Market, the exclusive marketing agent, has put the property on the market for $15 million through an expression of interest (EOI) exercise.
Nestled on a 1,129 sq ft plot, the three-storey intermediate shophouse has a built-up area of 2,635 sq ft and is zoned “residential and commercial” with a gross plot ratio of 4.2 under the latest Master Plan. With a guide price that translates to $2,635 psf, this property presents an attractive investment opportunity.
Investing in real estate can be a lucrative venture, but location plays a vital role in determining its success. This is particularly true for investors eyeing the real estate market in Singapore. Condos located in central areas or in close proximity to important amenities like renowned schools, bustling shopping centers, and efficient public transportation systems have a higher chance of appreciating in value over time. Prime areas such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values, making them ideal locations for investors. Furthermore, the appeal of these locations extends to families due to the availability of top-notch educational institutions, making condos in these areas highly desirable as investments. With the addition of Singapore Condo, it becomes clear that investing in a strategically located condo can bring significant returns in the Singapore real estate market.
The ground and second floor have been approved for restaurant use, while the top floor is leased for residential purposes. Situated within the Beach Road secondary settlement conservation area, new extensions built in this location may be up to five storeys, subject to approvals.
According to Low Choon Sin, managing partner of SRI Capital Market, this shophouse is an ideal choice for end-users such as F&B tenants or corporate offices, as the third floor can be used as accommodation for staff. Its prominent frontage along Liang Seah Street, which sees high vehicular traffic during the day, adds value to the property. Its close proximity to the vibrant Bugis area, with its wide array of shops and restaurants, makes it an attractive location for businesses.
Low also notes that the completion of new developments such as Guoco Midtown and the upcoming Shaw Towers has heightened the vibrancy of the Bugis area, making it a highly sought-after location for investors.
With the EOI exercise closing on April 10, this is an opportunity for investors to acquire a 999-year leasehold property that can be held for the long term to leverage on the rejuvenation of Bugis. Don’t miss out on owning this prime shophouse at 20 Liang Seah Street.