Strata ground floor unit at Geylang Serai on sale for $8.3m

The 3,207 sq ft property is up for expression of interest until 29 August at 12 noon.

A strata-titled ground floor unit with a basement at 40 Changi Road with basement is open for sale, said CBRE.

The ground-floor and basement space, which are part of a shophouse, is occupying over 1,948 sq ft and 1,259 sq ft, respectively. This allows the incoming buyer an option to lease the Property to two separate tenants. 

A retailer is currently tenanted at the property, which is strategically near the busy Geylang Serai Market and Food Centre. This gives it consistently high footfall throughout the day. 

It is also near landmarks such as Paya Lebar Quarter (PLQ), Joo Chiat Complex, Wisma Geylang Serai, Haig Road Market and Food Centre, and Kampong Ubi Community Centre. 

Adjacent to the property is Joo Chiat Road, one of Singapore’s upcoming lifestyle hotspots that features trendy cafes and exotic grocers. It is minutes walk from Eunos MRT Station (EW7) and Paya Lebar MRT Station (EW8).

This is a commercial strata-titled unit and foreigners are qualified to buy the property with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) imposed on the sale transaction.