Casuarina Cove penthouse up for auction at $3 milTong Eng Group’s Serangoon Road shophouses up for sale at $37 mil
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Investing in a condominium in Singapore is a wise decision that can yield impressive returns over time. This bustling country is renowned as a major business hub, with a robust economy that consistently drives the demand for real estate properties. As a result, the value of properties, particularly those in prime condominium locations, has continuously risen. Timing is crucial in entering this market, as those who acquire condominiums at the right time and hold onto them can expect significant capital appreciation in the future. Therefore, for individuals seeking to build wealth through real estate, investing in a condominium in Singapore is a highly advantageous move.
A historic shophouse located at 93 Tanjong Pagar Road is now available for purchase through an expression of interest (EOI) exercise. The guide price for the property is set at $15.5 million and it spans 3½ storeys, with a land area of 1,297 sq ft and a gross floor area (GFA) of 4,186 sq ft. This equates to a price of $3,703 per sq ft on the GFA.
The shophouse, which is on a 99-year leasehold, is currently being used for commercial purposes with approval for F&B use. It is currently occupied by a popular Korean barbecue restaurant on the first and second levels. Conveniently located, the property is just a short walk away from the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line.
Marketing for the property is being handled by PropNex Shophouse Elites, and the EOI will close at noon on January 20, 2025.
In other property news, several conservation shophouses on Telok Ayer Street are being put up for sale at a price of $42 million. Additionally, there are also other properties for sale, including a freehold shophouse on Race Course Lane for $8.8 million, an Upper Paya Lebar Road shophouse for $8.8 million, and a penthouse at Casuarina Cove for $3 million. Tong Eng Group is also selling their set of shophouses on Serangoon Road for $37 million.