Rare 999 Shophouse In Prime Circular Road: Your Gateway To Prosperity

Rare 999 Leasehold Shophouse in Prime Circular Road: Your Gateway to Prosperity and Excitement!"

Highly motivated seller. Call 9*****

4 Storey Shophouse
999 Years from 1826
Land: 1,141 sqft estimated
Built-up: 4,402 sqft estimated
Price: $25mil

Why investors should consider this property?

a. Prime location within walking distance to Clarke Quay and Raffles Place MRT Stations
b. Rare 4-storey conservation shophouse in the first Teochew enclave and textile district
c. Rich cultural heritage from Teochew traders and booming maritime trade
d. Close proximity to the Singapore River and important commercial venues enhance attractiveness to tenants and customers
e. Potential for strong rental yield from commercial usages such as restaurants, bars, and offices
f. Popular nightlife spot for work crowd and tourists, enhancing the potential for rental demand and capital appreciation
g. Part of the vibrant Raffles Place office sub-market with strong potential for capital appreciation

OFFICIAL DATA
*SALES TRANSACTIONS OF SHOPHOUSES IN Q4 2022*

a) 31 transactions were made in Q4 2022, a slight decrease from 36 in Q3 2022, based on lodged caveats.
b) Most of the transactions occurred in the outskirts like District 8.
The total number of deals in 2022 was 187, which is lower than the 254 deals made in 2021, according to caveated data.
c) The transaction value for Q4 was $282 million, representing a 17.7% decline from the previous quarter, and a 53.4% drop from $606 million in Q4 2021.
d) In 2022, the total transaction value was $1.6 billion, lower than the $1.9 billion recorded in 2021.

For more information, please contact 9*****