The value proposition for investing in this unit
a) Rental uplift :
Current rental was signed 3 years ago just after the covid lockdown. Rental renewal would be in Jan 2026. The tenant has since gotten F&B with alcohol license and have regular customers.
b) Capital Gain
En bloc attempts and hence early capital gain cash out. Details below.
c) Cheapest psf unit in Textile Centre for a low level retail. Good entry price.
The unit is located on the 2nd floor, near the escalator and lifts. Current rental is $5,000 plus GST per month.
Textile Centre is a mixed-use development located at 200 Jalan Sultan in Singapore's District 7. The property comprises both residential and commercial units, with a 99-year leasehold tenure that commenced in 1970. As of March 2025, the remaining lease term for Textile Centre is approximately 44 years. The development has already formed its en bloc CSC. It is highly desirable cause of its due frontage and being just outside of ERP zone. The unit was in a previous en-bloc attempt valued at $2.23m
Sultan Plaza had secured a 2019 outline planning permission advisory from URA, whereby a developer has three redevelopment options: a hotel, a commercial and residential development, or a fully commercial building. It is likely that the same would be extended to Textile Centre, which is better suited for hotel development as it has dual road frontages.
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