Aesthetically Pleasing 999 years leasehold Conservation Shophouse in Kampong Glam up for sale



A 999 years leasehold, 2 Storey conservation shophouse along Beach road. This aesthetically pleasing conservation shophouse resides in the popular Haji Lane, which is one of Singapore's hottest spots in the city. The shophouse is zoned under the full commercial zone which means is it open to foreigners for purchase and it is not subjected to the residential buyer or seller stamp duties guide lines. For more information on residential stamp duties in Singapore - https://www.ura.gov.sg/corporate/property/residential/buying-property


The land area is approx. 1375 sqft with a build-in area of approx. 3,500 sqft and is listed for SGD$30,000,000.

The approved usage for this stunning shophouse is for restaurant use.



Haji Lane is located close to the downtown area of the city.

You can start from either end of Haji Lane. The famous street is linked between North Bridge Road and Beach Road. The nearest MRT is Bugis Station which pops you out just 500m from the entrance. https://visitkamponggelam.com.sg/street/haji-lane/


This shophouses falls within the Rochor Planning Area is Singapore’s budding arts, culture, and education district. The UD guidelines focus on preserving the area’s rich architectural and cultural heritage, while facilitating its development into a renowned education and learning hub.

https://www.ura.gov.sg/Corporate/Guidelines/Urban-Design/Rochor


A recent Bali Lane shophouse was sold for $23 million; record psf price in Kampong Glam area or $13,821 psf


Conserved shophouses in Singapore are limited in stock with only about 6,500. The demand for this asset class is unlikely to fade any time soon.


As Singapore expects pre-pandemic normalcy to return with the increase in air travel, the shophouse market could potentially see another wave of demand stemming from investors who were previously restricted by travel measures and are interested in owning a shophouse in enclaves with ongoing gentrification. The shophouse market could record just under $2 billion in sales for the whole of 2022, given the sustained momentum in the first half of the year. The highest transaction in the first half of the year was $74.8 million for Hotel Clover, a row of 17 shophouses in Jalan Sultan, in March.


CONTACT LISTING MANAGER FOR MORE INFORMATION

Daniel Chng

8752 5515

Cea Reg No. R012345I

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