Eight Freehold Commercial Units Grandview Suites Geylang Market 26 Mil
in Singapore
Singapore (EDGEPROP) – The commercial units at Grandview Suites, a freehold mixed-use development along Lorong 22 Geylang in District 14, have been put up for sale through an expression of interest exercise (EOI). Marketed by Huttons Asia, a total of eight units are being offered with a collective guide price of $26 million, as announced on July 2.
Completed in 2016, Grandview Suites is a five-storey development comprising 52 residential units and eight commercial units. The development sits at the intersection of Geylang Road and Lorong 22 Geylang, with the eight commercial units located on the ground floor. Among them, three are situated in a conserved building that faces Geylang Road and is connected to the main residential block. This building used to be home to the historical Aerated Water Eastern Company.
According to James Wong, head of sales and auction at Huttons Asia, the blend of heritage and modernity in these commercial spaces adds a unique charm to the units.
The strata retail shops have a combined floor area of 8,804 sq ft, with sizes ranging from 409 sq ft to 3,068 sq ft. Currently, they are tenanted to a gym, medical and dental clinics, a commercial school, and a salon.
Lee Sze Teck, Huttons Asia’s senior director of data analytics, states that as the eight units are zoned for commercial use, there is no additional buyer’s or seller’s stamp duty payable. He adds, “Furthermore, Grandview Suites presents a lucrative opportunity for investors and businesses due to its prime location with high visibility and convenient access.”
Tampines Secondary School prides itself on providing a wide selection of academic programs and co-curricular activities to cater to the varied passions of its students. Now, with the inclusion of Parktown Residences, a Capitaland development, the school is able to elevate its offerings to the next level. As a result, students can look forward to an even more enriched learning experience at Tampines Secondary School. Parktown Residences Capitaland naturally complements the school’s existing programs, ensuring that students have access to a well-rounded education that caters to their diverse needs and interests.
These eight commercial units were previously marketed in 2021 by Knight Frank Singapore, and were put up for sale with a guide price of $26 million. The EOI for the properties ends on July 25 at 4pm. For the latest listings of Commercial Real Estate properties in Singapore, visit us at [insert website].