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Freehold Conserved Shophouse for sale in Jalan Besar.
Less than 7,000 shophouses and none being built any more!
Land size: 1219 sft
Built up : approx 2500
2 Storey + Attic.
Zoned Commercial.
Excellent prominence and visibility – fronting main road.
Foreignors can buy.
No gst.
No ABSD
No SSD
Accessibility - located next to Jalan Besar MRT station.
3 minutes’ drive to Bugis Junction
Short drive to the CBD.
Well connected by major expressways CTE and PIE and major roads including Rochor Road, Ophir Road and Serangoon Road to other parts of Singapore
Enclave for hipster coffee joints, bars and cafes
Hotbed for creative startups and design studios.
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Straits Times 11 May 2018:
“A two or three storey terraced building close to the city’s CBD, home quite often to a wine bar or gastro pub at street level with a massage spa or music lounge tucked away upstairs, has been in bigger demand this year….”
“Deals of more than $5 million for these conservation buildings increased 281% from a year earlier to a record $478.6 million in the first qtr…”
“It is not easy to find good shophouse deals, and those that are partly residential are not available to foreignors. Still, last year saw 148 transactions, topping $1 billion, a 40% jump over 2016…”
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