Conservation shophouse at Joo Chiat Road on the market for $7 mil

September 27, 2022

A conservation shophouse along Joo Chiat Road in District 15 is on the market via an expression of interest exercise at a guide price of $7 million. The shophouse has a land area of 949 sq ft that is zoned for commercial use and has a gross plot ratio of 3.0, which translates to a maximum gross floor area of 2,849 sq ft.

Shophouse Collective, a division under PropNex Realty that's marketing the property, says the building has undergone extensive addition and alteration works. An attic and a three-storey rear extension consisting of a shop on the first floor and three offices on the upper floors were added to the property. The certificate of statutory completion was obtained in May 2015.

The ground floor of the shophouse is approved for retail use, while the upper floors are used as offices. The property’s staircase is located on the outside, which Shophouse Collective says will allow the buyer to rent out the property to three separate tenants.

Read more at: