Author: leahlim   |   Latest post: Thu, 9 Apr 2020, 12:49 PM


Freehold shophouse in Joo Chiat for sale at $4.5 mil

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SINGAPORE (EDGEPROP) - A freehold shophouse at 452 Joo Chiat Road is available for $4.5 million, which translates to $2,140 psf on the existing built-up area of 2,100 sq ft. The property will be sold in an expression of interest (EOI) exercise, announced CBRE, the marketing agent.
The conservation shophouse is in the Joo Chiat Secondary Settlement Conservation Area with a 5m road frontage along Joo Chiat Road. The property sits on a 1,100 sq ft plot that is zoned “commercial” with a plot ratio of 3.0 under the 2019 Master Plan. The plot has a maximum allowable gross floor area of about 3,200 sq ft, subject to approval.


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