Two corner shophouses in Serangoon Garden for sale at $17 mil

By Jennifer Venkat
/ EdgeProp Singapore |
A pair of two-storey shophouses located at 86 and 88 Serangoon Garden Way has been launched for sale at a guide price of $17 million (Photo: Savills Singapore)
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - A pair of two-storey shophouses located at 86 and 88 Serangoon Garden Way has been launched for sale at a guide price of $17 million ($3,617 psf on the floor area). They are located on a 999-year freehold tenure site measuring 3,101 sq ft. The shophouses have a total floor area of approximately 4,700 sq ft, including 231 sq ft of open yard space.
The site has been zoned for “commercial” use with a plot ratio of 1.4 under its 2019 Master Plan. Given its commercial zoning, foreigners and companies can purchase the shophouses without additional buyer’s stamp duty or seller’s stamp duty.
86 Serangoon Garden Way landlens - EDGEPROP SINGAPORE
Map and overview of 86 Serangoon Garden Way (Source: EdgeProp LandLens)
The shophouses will be sold with vacant possession. Subject to approval by relevant authorities, purchasers can explore the opportunity to convert the shophouses to developments such as a bar, bistro, childcare centre, medical and health centre, cloud kitchen, co-living space and commercial school, says Savills Singapore, which is marketing the property. (Find Singapore commercial properties with our commercial directory)
“Following the sale of 72 Serangoon Garden Way, an individual two-storey shophouse sold in April 2022 for $9.4 million, and 67 Serangoon Garden Way, an individual two-storey shophouse in June 2021 sold for $12.11 million, 86 and 88 Serangoon Garden Way is arguably the only pair of shophouses within the bustling Serangoon Garden Way that is on sale. The shophouse ownership along this vibrant precinct is tightly held,” says Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore.
Serangoon Garden Way recent transactions - EDGEPROP SINGAPORE
Recent transactions of property on Serangoon Garden Way (Source: EdgeProp Research tool)
She adds: “Given the limited supply, we believe this opportunity will appeal to owner-occupiers, high-net-worth individuals or family offices for long-term investment.”
The shophouses are situated in the Serangoon Garden landed residential enclave. Amenities near the properties include Serangoon Garden Country Club, Serangoon Garden Market, Chomp Chomp Food Centre, and the French and Australian international schools.
The sale will be conducted through a public tender exercise which closes on May 12 at 3pm.
Check out the latest listings near Serangoon Garden Way

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site (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.

View More