>

Commercial building in Joo Chiat for sale at $34 mil

By Charlene Chin

/ EdgeProp Singapore |

March 11, 2020 5:17 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - A freehold, corner, commercial building at Joo Chiat Road and Koon Seng Road is up for sale at a guide price of $34 million, or $1,627 psf on gross floor area (GFA), according to JLL, which is marketing the property.

JK Centre is a part two-storey, part five-storey building on a 8,491 sq ft site. The building houses a supermarket on the ground floor, retail units on the second level and office units on levels three to five, with an overall estimated GFA of 20,895 sq ft.

Located within the Joo Chiat Conservation Area, the property for sale is zoned for commercial use under URA’s Master Plan 2019.

“Given its highly coveted freehold tenure and prominent corner location with double frontages, JK Centre presents investors with a rare opportunity to own a flagship building with excellent visibility and naming rights,” says Tan Hong Boon, executive director of capital markets, JLL.

The tender for the property will close on April 15 at 3pm.

Read also:

Three conservation shophouses and a terrace house for sale at $38.36 mil

Two freehold six-storey buildings at South Bridge Road up for sale at $46 mil

Freehold shophouse in Joo Chiat for sale at $4.5 mil

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.