Express your interest today for a chance to own a piece of heritage on Tanjong Pagar Road.
An iconic conservation shophouse located at 93 Tanjong Pagar Road is now available for sale through an expression of interest exercise. With a guide price of $15.5 million, this 3½-storey property stands on a land area of 1,297 sq ft and offers a generous gross floor area (GFA) of 4,186 sq ft. Translating to a price of $3,703 psf on the GFA, this is a rare opportunity to own a piece of heritage in a prime location.
The 99-year leasehold shophouse is currently zoned for commercial use and has been approved for F&B activities. It is currently tenanted by a popular Korean barbecue restaurant chain on levels 1 and 2, providing immediate rental income for potential investors. Conveniently located within walking distance to both Tanjong Pagar MRT Station on the East-West Line and Maxwell MRT Station on the Thomson-East Coast Line, this property offers easy accessibility for both tenants and customers.
When considering an investment in a condo in Singapore, one major benefit to keep in mind is the potential for capital appreciation. This is largely due to Singapore’s advantageous position as a global business hub, combined with its robust economic foundations. As a result, there is a consistent demand for real estate in the country. Over the years, property prices have consistently risen in Singapore, particularly in prime locations where condos are located, resulting in significant appreciation. For investors who enter the market at the right time and hold onto their properties for an extended period, the potential for substantial capital gains is undeniable. It is worth noting that investing in Singapore Projects could be a wise decision for those seeking long-term financial growth in the real estate market.
PropNex Shophouse Elites is the appointed marketing agency for this property. The EOI exercise will close at noon on Jan 20, 2025, so express your interest today for a chance to own a part of Singapore’s heritage on Tanjong Pagar Road. Don’t miss this rare opportunity to invest in a piece of history.