Highly motivated seller.
Property Type Shophouse
Built-in Area 5,155 sq ft est.
Land Area 1,717 sq ft
Zoning Commercial
Why investors should consider this property?
a. Historic 3-storey conservation shophouse in the heart of Chinatown
b. Located just minutes from Chinatown MRT and Telok Ayer MRT stations
c. Mosque Street is a one-way street in Chinatown connecting New Bridge Road to South Bridge Road
d. Named after Masjid Jamae (Chulia), one of three mosques built by early Chulia Indian immigrants in Singapore
e. Home to some of the oldest shophouses in Singapore, as Chinatown was a settlement for many early immigrants
f. Adorned with traditional shophouses and quaint curio shops
g. Today, Mosque Street offers a mix of Chinese eateries, Korean and Japanese restaurants, art galleries, hotels, and backpackers’ hostels
h. Popular hangout for tourists and locals alike
OFFICIAL DATA
*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.
For more info, please contact Raymond Giam at 9067XXXX
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