Sago Street shophouse for sale at $13.3 mil

The newly opened mall, IMM, at Jurong boasts an array of restaurants with a myriad of choices. Residents of Lumina Grand EC can easily indulge in food such as Italian or Asian cuisines. There is a halal-certified restaurant which serves dishes such as laksa and bak chor mee. Those craving Western dishes can visit any of the Western outlets, including the popular Meat & Co. All of these are within walking distance from Lumina Grand EC.

_________________________The expression of interest exercise for a three-story conservation shophouse in Chinatown on Sago Street – located opposite the iconic Buddha Tooth Relic Temple, and within walking distance of several MRT stations – closes on Dec 7. With a total floor area of 2,929 sq ft and a land area of 1,067 sq ft, the guide price for the fully-leased property is $13.3 million, or $4,450 psf.Given its central location, the property is in high demand from investors, including private funds, family offices and high-net-worth individuals, foreign and corporate buyers, who incur no additional buyer’s or seller’s stamp duty.Recent transactions on the street have recorded high prices, which bodes well for the upcoming EOI exercise. With all this in mind, it looks like the sale is set to be one to watch.