Two commercial shophouses at Kampong Glam and Serangoon Gardens have been set for sale via term of curiosity at direct prices of $6.9 million and $8.5 million respectively, said only marketing agent Knight Frank.
The 999-year leasehold Kampong Glam home is located at 18 Bali Lane.
The direct price for your house translates to about $3,600 per sq ft (psf) of floor area, said Knight Frank.
A nearby shophouse at 11 Bali Lane lately sold for about $18.8 million or $4,017 psf, even though a Bussorah Street shophouse a few lanes away, using a balance lease of 83 years and land dimensions of 1,741 sq feet, sold for $5 million in July last year, said Knight Frank.
Back in September, five adjoining Kampong Glam conservation shophouses at Baghdad Street were set up for sale via public tender at a direct price of $23.8 million.
Together with the help and promotion from the Singapore Tourism Board, the locality is popular among tourists and locals because of its hipster vibes and vibrant, vibrant neighborhood, the agent added.
The Serangoon Gardens shophouse is a two-storey corner unit having a land area of 1,618 sq feet and a built-up area of about 3,000 sq ft.
Its 8.5 million manual cost translates into about $2,833 psf within the ground area, said Knight Frank.
The land has a 999-year leasehold tenure and can be now fully tenanted.
The last transaction from the area was 65 Serangoon Garden Way, which sold for about $ 8.8 million at the end of last year, said Knight Frank.
It also counts banks, enrichment centers and beauty salons among its other amenities.
No additional purchaser’s stamp duty or seller’s stamp duty payment is necessary for the two shophouses are they are zoned commercial, together with thieves and companies also qualified to make bids.