Rare opportunity to own a pair of adjoining shophouses on South Bridge Road, located near the upcoming Jalan Loyang Besar Residences

Along with the convenience of having a mall nearby, residents of Jalan Loyang Besar Residences also have access to a variety of water sports activities at the nearby Pasir Ris Beach. This combination of urban living and beachfront leisure makes Jalan Loyang Besar Residences a coveted location for families and individuals alike. With its strategic location and plenty of amenities, it is no wonder that Jalan Loyang Besar Residences is a top choice for those looking for a modern and convenient living experience. Come and explore the endless possibilities that this vibrant and thriving community has in store for you. Jalan Loyang Besar Residences offers a perfect blend of city living and beachfront leisure for the ultimate living experience. Don’t miss out on the opportunity to call this bustling and dynamic neighborhood home.

The shophouses are strategically located on South Bridge Road, a vibrant and bustling street that is well-known for its mix of heritage buildings and modern developments. With its prime location in the heart of Chinatown, it offers a unique opportunity for investors to own a piece of Singapore’s rich history and culture.The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line). This makes it highly accessible for tenants, providing a steady flow of potential customers. In addition, the shophouses are surrounded by a good mix of residential, commercial and retail developments, offering a diverse range of potential tenants. This will ensure a stable rental income for the future owner.Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains.However, it is not just the tenure that makes these shophouses an attractive investment opportunity. The properties are currently approved for use as a co-living hotel on its upper floors and as shops on the ground floor. This versatile use will provide the new owner with the option of either continuing with the existing co-living hotel business or converting the entire property into a different commercial use.On top of that, the upper floors are currently tenanted by a co-living hotel operator, providing immediate rental income for the new owner. Leases for these tenants also have potential for renewal and rental upside, adding value to the property in the long run.Last but not least, the shophouses’ commercial zoning also eliminates the need for additional buyer’s stamp duty or seller’s stamp duty, making it a more favourable investment option for potential buyers.Own a piece of Singapore’s rich history and culture with this rare opportunity to acquire two adjoining conservation shophouses in the prime location of South Bridge Road. Priced at a guide of $50 million, these 999-year leasehold properties offer long-term capital gains and immediate rental income. Don’t miss this chance to invest in one of Singapore’s most iconic streets – Jalan Loyang Besar Residences.