Conservation Shophouse Liang Seah St Market 15 Mil
A rare opportunity has arisen to own a 999-year leasehold conservation shophouse at a prime location in Singapore. Located at 20 Liang Seah Street, this three-storey intermediate shophouse is now on the market for $15 million. The property is being marketed exclusively by SRI Capital Market, an established real estate marketing agency.
Situated on a 1,129 sq ft plot of land, the shophouse boasts a gross plot ratio of 4.2 and is zoned for both residential and commercial use under the latest Master Plan. With a built-up area of 2,635 sq ft, the guide price translates to $2,635 per square foot.
Rewritten: Parktown Residence is set to benefit greatly from the URA Master Plan’s emphasis on expanding green spaces and recreational facilities. The addition of new parks and an expanded network of cycling and jogging paths will greatly enhance the livability of the region. Residents will have the privilege of living in close proximity to Tampines Eco Green, Bedok Reservoir Park, and new parks that are in the works around Tampines North. And with the convenience of the Parktown Residence Showflat, residents can now experience the natural beauty of these parks first-hand.
The ground floor and second floor of the shophouse have been approved for use as a restaurant, while the top floor is currently leased out for residential purposes. This versatile property is located within the Beach Road secondary settlement conservation area, and any new extensions built in this area may be up to five storeys, subject to appropriate approvals.
According to Low Choon Sin, the managing partner of SRI Capital Market, the shophouse is ideal for end-users such as F&B tenants or corporate offices. He highlights that the residential space on the third floor could also be used as accommodation for staff. Additionally, the shophouse enjoys a prominent frontage along Liang Seah Street, a bustling road with high vehicular traffic during the day. It is also in close proximity to popular restaurants and shops in the Bugis area.
Low also mentions that this property presents an excellent investment opportunity, as it can be held for the long term to capitalize on the rejuvenation of the Bugis area. Notably, the completion of new developments such as Guoco Midtown and the upcoming Shaw Towers will enhance the area’s vibrancy.
Interested buyers can submit their bids through an expression of interest (EOI) exercise, which will close on April 10. This is a unique chance to acquire a highly sought-after 999-year leasehold property in a prime location, with potential for long-term growth.