Explore New Investment Opportunities in Singapore Real Estate
In a significant development for the real estate market, a collection of three prime freehold properties has been launched for sale in Singapore, collectively valued at $67 million. This portfolio presents a unique opportunity for various buyers, including investors looking to tap into the thriving commercial and residential sectors.
Property Overview
The assets include two strategically located commercial buildings on South Bridge Road and a charming shophouse situated on Frankel Avenue. Buyers can choose to acquire any of these properties individually or as a package. The commercial offerings are priced at $20.5 million and $40 million, while the shophouse is listed at $6.5 million.
Details of the Commercial Properties
On South Bridge Road, the first building, known as the Wong Shee Fun Building at 74 South Bridge Road, occupies a plot size of 1,093 sq ft with a gross floor area (GFA) of 5,791 sq ft. Priced at $20.5 million, this equates to approximately $3,540 per square foot based on GFA.
The second property, named Golden Castle Building at 80/82 South Bridge Road, is larger with a land area of 3,127 sq ft and boasts a GFA of 9,848 sq ft. It carries a guide price of $40 million—translating to around $4,062 per square foot based on GFA calculations.
A Unique Investment Proposition
Both commercial buildings are fully leased and present an enticing redevelopment opportunity. The zoning classification allows flexibility in future developments that could cater to the growing demand in the area.
Notably, recent policy changes by URA have opened avenues for new hotels and serviced apartments within Upper Circular Road’s vicinity—a factor that elevates the attractiveness of these buildings for potential conversion into boutique hotels.
Shophouse Insights
Located off East Coast Road in District 15’s Frankel Estate is the third asset—a two-storey shophouse at 89/A Frankel Avenue priced at $6.5 million or about $1,889 per square foot across its total built-up area of 3,441 sq ft. This property features dual zoning: residential use for its upper floor and commercial usage for its ground level.
The ground level is occupied by Bee Chun Heng bak kwa retailer while other tenants include Vietnamese cafe outlets and educational centers—all contributing to active foot traffic from both local residents and visitors.
Market Dynamics
The overall demand in the real estate sector remains robust due to Singapore’s strategic position as a commercial hub attracting business activities from both local enterprises and international firms. The proximity of these assets to key locations such as Clarke Quay and Raffles Place bolsters their appeal among investors seeking long-term returns.
A comparative analysis reveals that recent transactions along South Bridge Road have seen prices range significantly—indicating healthy interest levels among prospective buyers looking for similar opportunities.
A Compelling Offer for Diverse Investors
This diverse array of properties showcases varying sizes and price points—making them suitable for family offices, high-net-worth individuals or businesses looking to establish themselves strategically within this lucrative market.Learn more about investment opportunities here.
Conclusion
The Expression of Interest process managed by CBRE will conclude on October 21st; hence prospective buyers should act swiftly to seize this rare chance to invest in prized freehold assets situated in prime locations that promise capital appreciation over time.
Source: Original Article
In a significant development for the real estate market, a collection of three prime freehold properties has been launched for sale in Singapore, collectively valued at $67 million. This portfolio presents a unique opportunity for various buyers, including investors looking to tap into the thriving commercial and residential sectors.
Property Overview
The assets include two strategically located commercial buildings on South Bridge Road and a charming shophouse situated on Frankel Avenue. Buyers can choose to acquire any of these properties individually or as a package. The commercial offerings are priced at $20.5 million and $40 million, while the shophouse is listed at $6.5 million.
Details of the Commercial Properties
On South Bridge Road, the first building, known as the Wong Shee Fun Building at 74 South Bridge Road, occupies a plot size of 1,093 sq ft with a gross floor area (GFA) of 5,791 sq ft. Priced at $20.5 million, this equates to approximately $3,540 per square foot based on GFA.
The second property, named Golden Castle Building at 80/82 South Bridge Road, is larger with a land area of 3,127 sq ft and boasts a GFA of 9,848 sq ft. It carries a guide price of $40 million—translating to around $4,062 per square foot based on GFA calculations.
A Unique Investment Proposition
Both commercial buildings are fully leased and present an enticing redevelopment opportunity. The zoning classification allows flexibility in future developments that could cater to the growing demand in the area.
Notably, recent policy changes by URA have opened avenues for new hotels and serviced apartments within Upper Circular Road’s vicinity—a factor that elevates the attractiveness of these buildings for potential conversion into boutique hotels.
Shophouse Insights
Located off East Coast Road in District 15’s Frankel Estate is the third asset—a two-storey shophouse at 89/A Frankel Avenue priced at $6.5 million or about $1,889 per square foot across its total built-up area of 3,441 sq ft. This property features dual zoning: residential use for its upper floor and commercial usage for its ground level.
The ground level is occupied by Bee Chun Heng bak kwa retailer while other tenants include Vietnamese cafe outlets and educational centers—all contributing to active foot traffic from both local residents and visitors.
Market Dynamics
The overall demand in the real estate sector remains robust due to Singapore’s strategic position as a commercial hub attracting business activities from both local enterprises and international firms. The proximity of these assets to key locations such as Clarke Quay and Raffles Place bolsters their appeal among investors seeking long-term returns.
A comparative analysis reveals that recent transactions along South Bridge Road have seen prices range significantly—indicating healthy interest levels among prospective buyers looking for similar opportunities.
A Compelling Offer for Diverse Investors
This diverse array of properties showcases varying sizes and price points—making them suitable for family offices, high-net-worth individuals or businesses looking to establish themselves strategically within this lucrative market.Learn more about investment opportunities here.
Conclusion
The Expression of Interest process managed by CBRE will conclude on October 21st; hence prospective buyers should act swiftly to seize this rare chance to invest in prized freehold assets situated in prime locations that promise capital appreciation over time.
Source: Original Article