5-storey commercial building in Hongkong Street for sale

The expression of interest exercise ends on 27 April.

A five-storey commercial building at 36 Hongkong Street is on sale with an indicative guide price of $24m via expression of interest.

In a statement, CBRE said the property stands on 1,733 square feet (sq ft) 99-year leasehold site with a balance land tenure of around 95 years remaining.

The commercial building, located within the Upper Circular Conservation Area, has a total built-up area of around 7,279 square feet.

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Located within the Central Business District, the property is also a short walk to Clarke Quay and Raffles Place MRT station and could be easily accessed via major expressways such as the Marina Coastal Expressway and Central Expressway.

Foreigners are eligible to buy the building, as it is a commercial property and there will be no additional buyer’s or seller’s stamp duty imposed on the transaction.

The deadline for the expression of interest exercise on 27 April at 3 pm.