A 999-year leasehold conservation shophouse at 20 Liang Seah Street is currently available for sale, with a guide price of $15 million through an expression of interest (EOI) exercise conducted by SRI Capital Market, the exclusive marketing agent for this property. The three-storey intermediate shophouse sits on a 1,129 sq ft plot in the Beach Road secondary settlement conservation area, and is zoned for both residential and commercial use under the latest Master Plan. With a gross plot ratio of 4.2, there is potential for new extensions to be built up to five storeys, subject to approvals. The property boasts a prominent frontage along Liang Seah Street, which sees high vehicular traffic during the day, and is close to popular restaurants and shops in the Bugis area.As the property has been approved for both restaurant and residential use, it presents an ideal opportunity for end-users such as F&B tenants or corporate offices. According to Low Choon Sin, managing partner of SRI Capital Market, the residential space on the third floor can also be utilised as accommodation for some staff. The built-up area of the shophouse is 2,635 sq ft, and the guide price translates to a rate of $2,635 per square foot. The EOI exercise for the sale of 20 Liang Seah Street will close on April 10, providing investors a chance to acquire a valuable 999-year leasehold property in a prime location with potential for long-term growth and returns. This is especially notable with the ongoing development of new landmarks like Guoco Midtown and the upcoming Shaw Towers, which will further enhance the area’s vibrancy. Don’t miss out on the opportunity to invest in this highly coveted property.
Investing in a condo in Singapore has gained immense popularity among both local and foreign investors, thanks to the country’s flourishing economy, unwavering political stability, and exceptional standard of living. With a dynamic real estate market, Singapore presents a plethora of opportunities, and condos particularly stand out for their convenience, modern amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore.