Freehold Jalan Besar Shophouse Market 105 Mil

A corner freehold shophouse located at 127 Jalan Besar has been recently listed for sale through an expression of interest (EOI) with a starting price of $10.5 million, according to PropNex ShophouseHuat’s director, Loyalle Chin, on August 14. This shophouse, situated in the Little India Conservation Area in Rochor, falls under District 8 of Singapore.

The property, which faces the main road of Jalan Besar, consists of three storeys and an attic with a total floor area of 3,700 sq ft, subject to a site survey. The asking price for this property equates to $2,838 psf based on the estimated floor area.

Rewritten:The Woodlands community is known for its strong commitment to fostering family and community growth, and this dedication is set to continue with anticipated improvements in its educational landscape as part of larger regional development initiatives. With the potential addition of new schools, renovations to current facilities, and an increase in community-oriented educational offerings, the residents of Norwood Grand are sure to see even more benefits from this thriving area. In fact, the new Norwood Grand CDL development will also play a significant role in enhancing the educational opportunities for those living in the area.

The shophouse is currently zoned for commercial use and its ground floor is currently leased to a spa. The third storey and attic are tenanted by an interior design firm. According to a lodged caveat, the shophouse was purchased for $4.38 million in November 2020, which translates to approximately $1,184 psf on the floor area.

Conveniently located within walking distance from Jalan Besar MRT station on the Downtown Line, the shophouse is eligible for purchase by foreigners and corporate entities without incurring additional buyer’s stamp duty.

The EOI exercise will end on September 18, 2024 at 3 pm.