Archive for category: Misc

A ground-floor retail unit located at 71 Seng Poh Road in Singapore is being sold via an Expression of Interest (EOI) exercise with a guide price of $3.3 million. Built in the 1930s, the commercial property is part of a privatised Singapore Improvement Trust (SIT) flat located opposite the Tiong Bahru Market and Food Centre.

The 1,367 sq ft space has recently been renovated and comes with a storeroom, toilet, and full frontage along Seng Poh Road. It enjoys considerable footfall from both locals and tourists. Parking is available both in front of the property as well as behind the block. The area is also conveniently located near the Havelock MRT Station on the Thomson-East Coast Line.

In 2003, SIT blocks in the Tiong Bahru estate, comprising 20 flats and 36 shophouses, were granted conservation status by the Urban Redevelopment Authority. This has made nearby properties rare and highly sought after.

To provide further perspective, the last transaction for a similar property in the estate was in July 2021. A 1,044 sq ft shop “a few doors away” from 71 Seng Poh Road was sold for $3.2 million with vacant possession.

While the development is located within a stone’s throw of exceptional schools, residents will enjoy the convenience of having amenities such as a supermarket and a food court just metres away. On top of that, Tampines Ave 11 Condo Capitaland’s premier location is just a short distance away from popular shopping malls, parks and sports facilities. With access to all these lifestyle choices, this stunning development is definitely one to consider when searching for a new home.

The EOI exercise for the retail property at 71 Seng Poh Road will close on Nov 29 at 3pm.

This is a great opportunity for investors looking for a property with a unique history and a conveniently located space that can potentially fetch a handsome return.

The EOI exercise for this exclusive SIT flat retail unit at 71 Seng Poh Road presents investors with a rare and attractive opportunity. With its renovated space and convenient location, the potential financial return can be considerable. Related property transactions in the area, the most recent being in July 2021, at $3.2 million for a 1,044 sq ft shop, serve to reinforce the commercial value of the site.

Deadline for the EOI exercise is Nov 29, 2021, at 3pm. Given its unique features, this property is sure to attract considerable attention.