FOUND ON THE EDGE: Row of nine shophouses at $45 million

By Lin Zhiqin / The Edge Property | September 18, 2015 4:50 PM SGT
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A row of nine freehold conservation shophouses located near Farrer Park MRT has been listed for sale at $45 million on TheEdgeProperty.com.
According to marketing agent, ERA branch division director Donny Lee, the shophouses are zoned for residential with mixed commercial use. The price per squarefoot is $4500 on built-up area of 10,000 sqft. The shophouses are currently owner-occupied. Based on transactions over the past 12 months, the price of shophouses in the vicinity ranges from $3,362 psf to $4,699 psf and the rental yield ranges from about 1.1% to 2.5%.
Farrer Park MRT is a station on the North East Line that is connected to City Square Mall by an underground linkway. Other options for shopping in the area include Mustafa Centre, a 24-hour department store, Tekka Market and Tekka Mall, and Sim Lim Square. Notable attractions in the area include the Jalan Besar Stadium, Sri Veeramakaliamman Temple and Leong San Temple.
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Latest transactions of shophouses within 1km of Farrer Park MRT
Row of nine shophouses at $45 million

Source: URA, The Edge Property

Editor: To real estate agents – if you have secured an interesting listing or concluded an interesting deal recently, we would love to hear from you! Contact us at propertyeditor.sg@bizedge.com
As we are not party to the contract between the client and agent, we are not able to verify information provided by the agent.

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