Freehold commercial building near Jalan Besar MRT Station for sale at $23.5 mil

/ EdgeProp Singapore
January 11, 2021 3:45 PM SGT
SINGAPORE (EDGEPROP) - A freehold four-storey commercial building at 7 Hindoo Road, near Jalan Besar MRT Station, is on the market at a guide price of $23.5 million, or $1,760 psf on the total gross floor area (GFA).
7-hindoo-road - EDGEPROP SINGAPORE
7 Hindoo Road (Credit: JLL)
It was previously put up for sale at a guide price of $25 million in February last year, without any success.
The property, which enjoys a 15m wide road frontage, occupies a land area of 3,519 sq ft, and has a total GFA of 13,370 sq ft, says JLL. It is marketing the property, and was also marketing it previously. Under URA’s Master Plan 2019, the site is zoned for commercial use.
Apart from the Jalan Besar station, the property is also within proximity to the Farrer Park and Little India MRT Stations.
As the property sits on land zoned for commercial use, foreigners are eligible to purchase the property. There will be no additional buyer’s stamp duty or seller’s stamp duty imposed on the purchase of the property.
The expression of interest exercise for the property will close on Feb 23 at 3pm.