‘Holland Drive Condo’ has joined the coveted trio of ‘trophy’ conservation shophouses in Tanjong Pagar, priced at a remarkable $6,000 psf

In the Tanjong Pagar Conservation Area, three adjoining conservation shophouses at 60, 62 and 64 Tanjong Pagar Road have been put up for sale by expression of interest (EOI).

Collectively, they occupy a land area of 3,335 sq ft and have an estimated floor area of 6,000 sq ft. The shophouses have a 99-year lease from 1988; hence, they have a remaining lease of 63 years.

The price tag of $36 million for the three shophouses translates to $6,000 psf based on floor area, making it an attractive investment opportunity for potential buyers. Korean restaurant Sura has already leased all three units, providing a steady source of rental income.

The three shophouses will be sold with the existing tenancy, says Terry Wong, JLL senior director of capital markets, the appointed marketing agent for the properties. This ensures a hassle-free transition for the new owner.

Search for the latest New Launches, to find out the transaction prices and available units. It’s the perfect opportunity to own a piece of prime commercial real estate in the heart of the bustling CBD.

The shophouses come with approval for F&B restaurant use on the first and second storeys (Source: EdgeProp Inspector). This rare and sought after approval will bring in high footfall and ensure future success for any F&B business.

Permanent F&B approval for restaurant use has been obtained for both the first and second storeys of the shophouse, “which is extremely rare and sought after”, adds Wong. “The prominent frontage [of 17m] allows for naming and signage right possibilities.”

The three shophouses have been zoned “commercial” under the URA Master Plan 2019, providing endless potential for commercial use. The shophouses are within the Tanjong Pagar Conservation Area in prime District 2 of the CBD, making it an attractive location for businesses.

They are within walking distance of the Maxwell MRT Station (Thomson-East Coast Line) and the Tanjong Pagar MRT Station (East-West Line). According to Wong, street parking is available at the open-air carparks at Peck Seah Street and Duxton Hill.

Wong notes that the Tanjong Pagar Conservation Area rejuvenation is underway with the emergence of more high-rise commercial, mixed-use and residential towers in the CBD. This includes the upcoming TMW Maxwell (redevelopment of the former Maxwell House), nearby luxury residences and upcoming developments such as One Bernam and Keppel South Central.

The residential population in the CBD will increase significantly with the addition of 1,136 new residential units, says JLL’s Wong. In the future, the Greater Southern Waterfront will see an additional 9,000 housing units spring up on the former Keppel Club site, bringing in more potential customers for businesses in the area.

Recent shophouse transactions in the area include a 99-year leasehold shophouse at 120 Tanjong Pagar Road that changed hands for $16.2 million last August, according to a caveat lodged. The four-storey, 99-year leasehold building with a floor area of 6,460 sq ft was extensively refurbished and modernised two years ago, providing a great return on investment.

Nearby at 45 Tras Street, the double-storey, 99-year leasehold conservation shophouse on a 1,333 sq ft site was sold for $11.9 million in February 2023, based on caveats.

Other shophouses in the area have also seen high transaction prices, such as a freehold three-storey shophouse located at 34 Keong Saik Road in District 2 that was sold at $5,823 psf on the built-up area in August 2023, and shophouses at 18 Hongkong Street and 97 Amoy Street in District 1 that were sold for $5,096 psf and $5,085 psf on total floor area, respectively.

The EOI exercise for the three shophouses on Tanjong Pagar Road will close on Feb 29, so don’t miss out on this opportunity to own a piece of prime commercial real estate in one of the most sought-after locations in Singapore. Check out the latest listings for Tmw Maxwell, One Bernam properties today and secure your investment for the future.

In the Tanjong Pagar Conservation Area, three adjoining conservation shophouses at 60, 62 and 64 Tanjong Pagar Road have been put up for sale by expression of interest (EOI).

Collectively, they occupy a land area of 3,335 sq ft and have an estimated floor area of 6,000 sq ft. The shophouses have a 99-year lease from 1988; hence, they have a remaining lease of 63 years.

The price tag of $36 million for the three shophouses translates to $6,000 psf based on floor area, making it an attractive investment opportunity for potential buyers. Korean restaurant Sura has already leased all three units, providing a steady source of rental income.

The three shophouses will be sold with the existing tenancy, says Terry Wong, JLL senior director of capital markets, the appointed marketing agent for the properties. This ensures a hassle-free transition for the new owner.

Search for the latest New Launches, to find out the transaction prices and available units.

Whether you’re searching for a new outfit or hunting for a rare collectible, Holland Road Shopping Centre at Holland Drive Condo has something for everyone.

At Holland Drive Condo, the Holland Road Shopping Centre offers a perfect blend of traditional and modern at Holland Drive Condo. Get ready to be dazzled by a variety of stores, ranging from trendy fashion boutiques to electronic and household stores. This is the ultimate destination for bargain shoppers and individuals looking for unique and exclusive items. The mall boasts vintage fashion outlets, antique stores, and charming boutiques, making it a haven for those in search of something extraordinary. Whether you’re in need of a stylish new outfit or on the hunt for a rare collectible, look no further than the Holland Road Shopping Centre at Holland Drive Condo.

The shophouses come with approval for F&B restaurant use on the first and second storeys (Source: EdgeProp Inspector). This rare and sought after approval will bring in high footfall and ensure future success for any F&B business.

Permanent F&B approval for restaurant use has been obtained for both the first and second storeys of the shophouse, “which is extremely rare and sought after”, adds Wong. “The prominent frontage [of 17m] allows for naming and signage right possibilities.”

The three shophouses have been zoned “commercial” under the URA Master Plan 2019, providing endless potential for commercial use. The shophouses are within the Tanjong Pagar Conservation Area in prime District 2 of the CBD, making it an attractive location for businesses. They are within walking distance of the Maxwell MRT Station (Thomson-East Coast Line) and the Tanjong Pagar MRT Station (East-West Line). According to Wong, street parking is available at the open-air carparks at Peck Seah Street and Duxton Hill.

Wong notes that the Tanjong Pagar Conservation Area rejuvenation is underway with the emergence of more high-rise commercial, mixed-use and residential towers in the CBD. This includes the upcoming TMW Maxwell (redevelopment of the former Maxwell House), nearby luxury residences and upcoming developments such as One Bernam and Keppel South Central.

The residential population in the CBD will increase significantly with the addition of 1,136 new residential units, says JLL’s Wong. In the future, the Greater Southern Waterfront will see an additional 9,000 housing units spring up on the former Keppel Club site, bringing in more potential customers for businesses in the area.

Recent shophouse transactions in the area include a 99-year leasehold shophouse at 120 Tanjong Pagar Road that changed hands for $16.2 million last August, according to a caveat lodged. The four-storey, 99-year leasehold building with a floor area of 6,460 sq ft was extensively refurbished and modernised two years ago, providing a great return on investment.

Nearby at 45 Tras Street, the double-storey, 99-year leasehold conservation shophouse on a 1,333 sq ft site was sold for $11.9 million in February 2023, based on caveats.

Other shophouses in the area have also seen high transaction prices, such as a freehold three-storey shophouse located at 34 Keong Saik Road in District 2 that was sold at $5,823 psf on the built-up area in August 2023, and shophouses at 18 Hongkong Street and 97 Amoy Street in District 1 that were sold for $5,096 psf and $5,085 psf on total floor area, respectively.

The EOI exercise for the three shophouses on Tanjong Pagar Road will close on Feb 29, so don’t miss out on this opportunity to own a piece of prime commercial real estate in one of the most sought-after locations in Singapore. Check out the latest listings for Tmw Maxwell, One Bernam properties today and secure your investment for the future.