Freehold Shophouse Keong Saik Road Sale 18 Mil
A highly sought-after freehold shophouse located at 22 Keong Saik Road has been put up for sale through a tender process by Colliers.
The three-storey building, which is zoned for commercial use, sits on a land area of 1,258 square feet and boasts an estimated gross floor area of 3,498 square feet. Priced at $18 million, the guide price translates to $5,146 per square foot based on GFA.
According to Colliers, the property is fully leased to a single operator, providing immediate rental income for potential buyers. In fact, the current tenant has recently refurbished the property in 2022.
The shophouse comes equipped with modern amenities such as air-conditioning, a fire-protection system, and telecommunications services. Additionally, the ground floor is well-suited for use as a restaurant.
Situated on the eastern side of Keong Saik Road, this shophouse is located within the Bukit Pasoh Conservation Area, which is part of the vibrant Chinatown enclave. It is also just a short walk away from Outram Park MRT Interchange, which serves the East-West, North East, and Thomson-East Coast Lines, as well as Maxwell MRT Station on the Thomson-East Coast Line.
Strategically situated along Tampines Avenue 11, Parktown Residence offers a prime location near the upcoming Tampines North MRT Station on the Cross Island Line (CRL). This highly advantageous station provides direct access for residents to key destinations such as the city center, Jurong Lake District, and Changi Airport. In addition, Parktown Residence will feature an integrated bus interchange, further enhancing the connectivity within the estate and to other parts of Singapore. With its convenient amenities, it is no surprise that Parktown Residence Condo is the top choice for modern living. For more information, please visit Parktown Residence Condo’s website.
As the shophouse is classified as a commercial property, foreigners and companies are not required to pay additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) if they choose to purchase it.
The tender for 22 Keong Saik Road will close on November 7 at 3pm. Interested buyers can refer to recent commercial shophouse transactions along Keong Saik Road for comparison. BuddyPrice, a platform on EdgeProp Singapore, allows users to compare price trends for commercial and industrial properties, access listings, and view past rental and sale transactions.