8M Real Estate reinterprets shophouse living

By Amy Tan / EdgeProp Singapore | May 10, 2019 11:40 AM SGT
Real estate entrepreneur Ashish Manchharam launches KēSa House on Keong Saik Road – his new flexible living concept in the city.
In recent years, the Keong Saik Road area has seen a revival with the opening of co-working space The Working Capitol, Michelin-starred barbeque restaurant Burnt Ends and multi-concept F&B establishment Potato Head Singapore. At the same time, classics such as “zi char” restaurant Kok Sen Restaurant and traditional coffeeshop Tong Ah Eating House, known for its kaya toast, still remain.
This mix of traditional and new concepts was what drew Ashish Manchharam, founder and managing director of property investment and development group, 8M Real Estate, to purchase 10 adjoining shophouses along Keong Saik Road in 2017 for around $75 million, or $2,750 psf. Comprising a total gross floor area (GFA) of around 27,300 sq ft, the shophouses previously housed the 79-room boutique hotel Naumi Liora.
In April, 8M Collective unveiled 60-room flexible living concept KēSa House on Keong Saik Road (Pictures: Albert Chua/EdgeProp Singapore)
Manchharam also created 8M Collective to hold his growing portfolio of such conservation shophouses that formerly housed boutique hotels. They include the former Club Hotel on Ann Siang Road, which he rebranded as Ann Siang House last year; and Wanderlust on Dickson Road in Little India.
The latest addition is KēSa House along Keong Saik Road that soft-launched in April. The name was derived from the street name. “We are on Keong Saik Road, hence KēSa,” says Manchharam. “We found that for people new to Singapore, Keong Saik may not be the easiest words to pronounce, so we made it easier.”
Boasting a striking turquoise exterior, the row of three-storey shophouses along Keong Saik Road feature 10 F&B outlets on the first level, with 60 suites for lease on the two upper floors. The accommodation was designed to cater to young professionals and business travellers who want the amenities and comforts of home.
With three different room types and sizes ranging from 200 to 322 sq ft, the property features a complimentary launderette and a fully-equipped communal kitchen that offers complimentary coffee from local café Sarnies. There is also a lounge fitted out with charging stations where guests can work,...