Three adjoining shophouses in Chinatown for sale by tender for $61.6 mil

The property sits at the boundary of the Downtown Core and within the Telok Ayer Conservation Shophouse territory. It has been carefully conserved to keep its original outside architectural elements, the media launch states.

“This unusual estate presents a possibility for customers to possess a part of minimal preservation land in Singapore. The shophouses are in a historic place, yet measures away from the busy metropolitan area of the CBD. Its old-world appeal brings in tourists, whereas the neighboring variety of eateries draw the office crowd and food enthusiasts during the day,” she includes.

Stanley Road is located at the cross-section of the CBD, and close to well-known tourist attractions like the Chinatown/Outram district, Tanjong Pagar retail area and Marina Bay. It is just within walking range from Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.

The three shophouses are fully attached across their 3rd floor, which has actually been approved for workplace purpose. The 2nd floors are in part connected and are presently used as a fitness and wellness studio. The ground level is fully tenanted by a mix of F&B outlets providing different delicacies, involving Australian and Middle Eastern.

Sky Eden condo price

Three connected conserved shophouses at 4, 5 and 6 Stanley Road in Chinatown, prime District 1, have recently been offered by tender for $61.6 million, the properties’ special advertising and marketing broker Knight Frank Singapore publicized in a press release on Jan 3.

The three-storey shophouses occupy a full acreage of around 4,030 sq ft with a built-up location of 10,735 sq ft. They have been zoned for industrial usage following URA’s Master Plan 2019 and are to be marketed together.

The tender concludes on March 28 at 3pm.

Knight Frank Singapore’s managing supervisor of funding markets, Mary Sai, projects the property to attract capitalists whose purposes are assets maintenance, stable returning earnings and substantial capital appreciation gradually.

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