Own a Rare Iconic Shophouse with Dual Frontage in the Prime Singapore River District.
Property Type Shophouse
Built-in Area 5,666 sq ft est.
Land Area 1,452 sq ft
Zoning Commercial
Why investors should consider this property?
a. Rare and iconic 4-storey corner conservation shophouse in prime Singapore River/Boat Quay district
b. Dual frontage at junction of New Bridge Road and Upper Circular Road, just opposite Clarke Quay MRT Station and Clarke Quay Central
c. Rich cultural heritage from Teochew traders and fruit/vegetable trade in the past
d. Built in 1842, named after Coleman Bridge which linked Hill Street and New Bridge Road over Singapore River
e. Strong potential for rental yield from commercial usages such as shops, offices, and F&B outlets due to location and high foot traffic
f. Proximity to two iconic destinations of Singapore (Clarke Quay and Boat Quay) and Raffles Place enhances attractiveness to tenants and customers
*SALES TRANSACTIONS OF SHOPHOUSES IN Q4 2022*
a) 31 transactions were made in Q4 2022, a slight decrease from 36 in Q3 2022, based on lodged caveats.
b) Most of the transactions occurred in the outskirts like District 8.
The total number of deals in 2022 was 187, which is lower than the 254 deals made in 2021, according to caveated data.
c) The transaction value for Q4 was $282 million, representing a 17.7% decline from the previous quarter, and a 53.4% drop from $606 million in Q4 2021.
d) In 2022, the total transaction value was $1.6 billion, lower than the $1.9 billion recorded in 2021.
Don't miss out on this incredible opportunity to own a piece of Singapore's history. Contact Raymond at 9067XXXX
Whatsapp Chat
