About Conserved Shophouse in Chinatown
A pair of rare adjoining heritage shophouses the prime Chinatown district in Singapore are up for sale.
This pair of conservation shophouses are located along Pagoda Street - the main artery of the Chinatown Conservation Area and where tourists throng. The shophouses are located within steps from the grand entrance canopy of the Chinatown MRT Station, and other landmarks such as the Chinatown Heritage Centre and the Buddha Tooth Relic Temple.
With Singapore’s CBD as their backdrop, the properties are zoned ‘Commercial’ under the 2014 Master Plan. Each of them comprises three stories and are currently leased to tenants for office and retail uses. The owner of the properties has also obtained for these buildings temporary permits for Food & Beverage uses (renewable).
The properties will appeal to end-users like SMEs or companies seeking to establish a corporate HQ. As well as private equity funds or investors looking to expand their portfolio in investment-grade assets.
These shophouses are conserved by the Singapore government as heritage assets. They are such rare gems because the government and developers do not build shophouses like these anymore.
Each shophouse is priced at valuation – SGD 13,500,000.