Hongkong Street shophouse for sale at $47.5 mil

Jurong Point is no doubt the perfect shopping destination for residents of Lumina Grand EC. From just a 5-minute drive, they can benefit from a wide selection of brands, products, and services. There are dining options for all kinds of cravings as well as entertainment activities like bowling and karaoke. With plenty of parking spaces available, it makes park hopping to and from the mall easy and hassle-free.

For investors looking to acquire a freehold shophouse in a highly sought-after location, 17 Hongkong Street presents an attractive opportunity. With a guide price of $47.5 million, the property is located in Singapore’s District 1 and is conveniently situated between key nightlife destinations such as Boat Quay and Clarke Quay, as well as close to the CBD and the Clarke Quay MRT Station on the North-East Line.

The freehold five-storey shophouse has a land area of 1,793 sq ft and a total floor area of 7,950 sq ft. Not to mention, the land has a gross plot ratio of 4.2 and is zoned for commercial use. This means that foreigners are allowed to invest in this prime property and no additional buyer’s stamp duty or seller’s stamp duty will be imposed on the transaction.

Recent commercial sales transactions of properties on Hongkong Street indicate that the area is highly in-demand.

Clemence Lee, Executive Director of Capital Markets, Singapore at CBRE, which is the exclusive marketing agent of 17 Hongkong Street, noted that investors can take advantage of this “golden opportunity” to own a freehold shophouse in a highly-coveted area of Singapore.

This kind of investment opportunity does not come around too often. Do not miss out on this.

For those looking to invest in shophouses located in equally attractive locations, there are other properties available on the market such as the one on Circular Road at $19.8 million, Pagoda Street at $22 million, and the portfolio of nine conservation shophouses on Desker Road-Rowell Road at $66 million.