Conservation shophouse at 75 Amoy Street up for sale

By
/ EdgeProp Singapore
|
September 6, 2019 1:23 PM SGT
75 Amoy street is up for sale (Credit: Jesmond Lee/Huttons)
SINGAPORE (EDGEPROP) - A 999-year, two-and-a-half-storey conservation shophouse at 75 Amoy street is up for sale. It has a land area of 2,237 sq ft and a total built up area of about 5,755 sq ft. Price is available on enquiry.
The property is currently vacant and has recently been renovated. It features a usable balcony with a greenery view of Ann Siang Hill. The ground floor of the property can be converted for F&B use. This is subject to URA’s approval.
“This is a rare opportunity to own this asset in this prime location as most owners are unwilling to sell due to its strong demand in rental and its close proximity to Telok Ayer and Tanjong Pagar Mrt station,” says Jesmond Lee, division director at Huttons, who is marketing the property.
ADVERTISEMENT
For price trends, recent transactions, other project info, check out the Amoy Street research page
Due to scarcity, conservation shophouses in District 1 and 2 are “very well sought after,'' says Lee, who adds that such properties “offer higher yields and are easier to get bank financing as compared to residential property.”
Lee also adds that there is “strong upside for capital appreciation”, especially with the CBD incentive scheme launched by URA, to “reposition our CBD as a 24/7 mixed-use district so that the CBD will not only be a place to work, but also a vibrant place to live and play in.”
75 Amoy Street sits on land zoned for commercial use, and foreigners are eligible to purchase. No additional buyer’s stamp duty or seller’s stamp duty will be imposed.
Check out the latest listings near Amoy Street and MRT Station
Read also:
ADVERTISEMENT
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 4.1.12
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.