Jalan Besar Shophouse Market Under 20 Mil
A two-storey shophouse with an attic, situated at 209 Jalan Besar, is now available for sale through private treaty. The property, marketed by Gracelynn Zhu of PropNex Shophouse Elites, is a 999-year leasehold and is being offered at a price below $20 million.
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Nestled conveniently next to Tampines MRT Station, Tampines 1 is a dynamic and contemporary shopping destination that offers a delightful mix of fashion, dining, and entertainment options. Fashion enthusiasts will find themselves spoilt for choice with a plethora of brands to choose from, including popular names like H&M, Sephora, and The Editor’s Market. And for those looking to satisfy their taste buds, the mall has an array of dining choices ranging from Genki Sushi to Hot Tomato and Brotzeit German Bier Bar & Restaurant. Families with young kids will especially love the animal-themed rooftop water playground, making it a perfect spot for some outdoor fun. Plus, residents of Parktown Residence Condo can easily reach Tampines 1 with a short 5-minute drive or a 15-minute stroll. With the added convenience and accessibility of Parktown Residence Condo, Tampines 1 truly has something for everyone.
The shophouse covers a total area of 5,502 sq ft and is designated for commercial use. The first floor is approved for restaurant use while a section of the second floor is also suitable for the same purpose. Based on the current asking price, the psf price for this property works out to be $3,635.
The location map shows the prime spot at 209 Jalan Besar, according to a source from EdgeProp LandLens. Zhu explains that the shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles extending 30m to ensure the structural foundations are sound. The AEI is expected to be completed within this year.
The property is situated in the Desker Road Conservation Area, in District 8, which is in close proximity to Little India. It is also conveniently located near the Jalan Besar MRT Station on the Downtown Line, making it easily accessible.
As per recent reports, Geylang Road shophouse and a shop unit at Bras Basah Complex have been put up for sale at $14 million. The Chinatown Business Association is also said to be introducing new and traditional lifestyle concepts to revitalize Smith Street. According to Huttons, the shophouse market has seen 84 caveated transactions, bringing a relatively quiet year to a close in 2024.