Shophouses in the heart of Chinatown on sale for $53m
The shophouses have basement and attic levels along Pagoda Street.
Three-storey shophouses with basement and attic levels in the heart of Chinatown along Pagoda Street are on sale via public tender exercise for $53m, marketing agent, Savills, said.
In its announcement, Savills said the sale of the property, which has a land area of 2,493 square feet, will close on Thursday, 30 June at 3 pm.
Rebuilt in 1995, the shophouses are located where there is high foot traffic from both local and overseas visitors.
It has a passenger lift to serve ground floor to attic levels and is currently 100% leased to a food and beverage operator.
The 79, 81 Pagoda Street property is also near mass transportation such as Chinatown Mass Rapid Transit Interchange Station (Downtown Line and North-East Line) and the Central Business District located over five-minute walk away.
Foreigners and companies are allowed to buy the properties with no Additional Buyer Stamp Duty or Seller’s Stamp Duty.
Read Here
Advertise
Sign Up
