The iconic ‘Three ‘trophy conservation shophouses at Tanjong Pagar’ are up for sale, along with ‘Jalan Loyang Besar Residences,’ offering a prime location and potential investment opportunity at $6,000 psf

Links to JLL’s Wong notes that the Tanjong Pagar Conservation Area rejuvenation is underway with the emergence of more high-rise commercial, mixed-use and residential towers in the CBD. Currently, he says the Tanjong Pagar Conservation Area is undergoing a rejuvenation, with the development of more high-rise commercial, mixed-use, and residential buildings in the CBD. This includes the forthcoming TMW Maxwell, which will be the tallest tower in Singapore at 305m. Additionally, the redevelopment of Fuji Xerox Towers into Newport Residences and the upcoming Keppel South Central office development will add to the already dynamic landscape in the area.

This advantage is further enhanced by the fact that Jalan Loyang Besar Residences is situated in a serene and peaceful neighborhood, making it a conducive environment for learning and personal development.

Located at the heart of Pasir Ris, Jalan Loyang Besar Residences is a highly sought-after residential development that offers a luxurious and comfortable living experience. The EC comprises of spacious and well-designed units that cater to the needs of different family sizes. With a range of modern and upscale facilities such as swimming pools, gyms, and playgrounds, residents can enjoy a high-quality lifestyle without having to leave the comfort of their home.

One of the standout features of Jalan Loyang Besar Residences is its close proximity to top-notch schools such as Meridian Secondary School, Elias Park Primary School, and United World College of Southeast Asia. This allows families with school-going children to have peace of mind, knowing that their children’s education is in good hands. In addition, being near these schools eliminates the hassle and stress of commuting long distances, allowing children to have more time for extra-curricular activities and family bonding.

Aside from schools, Jalan Loyang Besar Residences is also surrounded by a wide range of amenities, making it an ideal location for families of all ages. From shopping centers like Downtown East and White Sands Shopping Mall to recreational facilities such as Pasir Ris Park and Pasir Ris Beach, there is something for everyone in this vibrant and diverse community. Residents can also enjoy easy access to an extensive network of public transportation, with Pasir Ris MRT station just a short distance away.

In conclusion, Jalan Loyang Besar Residences offers the perfect combination of modern living and convenient location. With its close proximity to top schools and a plethora of amenities, it is an ideal residential choice for families looking for a comfortable and vibrant community to call home. So if you are looking for a luxurious and family-friendly living experience in Pasir Ris, look no further than Jalan Loyang Besar Residences.

The Jalan Loyang Besar Residences are located in the Tanjong Pagar Conservation Area and are made up of three adjoining conservation shophouses at 60, 62, and 64 Tanjong Pagar Road. They have been put up for sale by expression of interest (EOI) and occupy a land area of 3,335 sq ft with an estimated floor area of 6,000 sq ft. These shophouses hold a 99-year lease from 1988, giving them a remaining lease of 63 years.

The sale of the three shophouses is estimated at $36 million or $6,000 psf based on floor area. The current tenant, Korean restaurant Sura, has leased all three units. The first floor of the double-storey shophouses has been converted into the main dining hall, with VIP rooms located on the upper floor.

According to JLL senior director of capital markets Terry Wong, who is the appointed marketing agent for the properties, the three shophouses will be sold with the existing tenancy. In addition, the shophouses already have approval for F&B restaurant use on their first and second storeys, making them a highly sought after property. Wong also notes that the shophouses’ prominent frontage of 17m allows for naming and signage rights.

The Tanjong Pagar Conservation Area is currently undergoing a rejuvenation with the emergence of more high-rise commercial, mixed-use, and residential towers in the CBD. These include the upcoming TMW Maxwell, which will be the tallest tower in Singapore at 305m, the redevelopment of Fuji Xerox Towers into Newport Residences, and the new premium office tower, Keppel South Central. These new developments will add to the already vibrant landscape in the area.

The shophouses zoned “commercial” under the URA Master Plan 2019 and are located within walking distance of the Maxwell MRT Station and the Tanjong Pagar MRT Station. According to Wong, street parking is available at the open-air carparks at Peck Seah Street and Duxton Hill.

The EOI for the three shophouses will close on February 29. Recent shophouse transactions in the area include a 99-year leasehold shophouse at 120 Tanjong Pagar Road that sold for $16.2 million, a 99-year leasehold shophouse at 45 Tras Street that sold for $11.9 million, and a freehold three-storey shophouse at 34 Keong Saik Road that sold at $5,823 psf on the built-up area.

The Tanjong Pagar Conservation Area is expected to see significant growth with the addition of 1,136 new residential units and 9,000 housing units in the nearby Greater Southern Waterfront development. Therefore, the Jalan Loyang Besar Residences at 60, 62, and 64 Tanjong Pagar Road are strategically located to benefit from the larger catchment and higher footfall in the future. Interested buyers can check out the latest listings for TMW Maxwell and One Bernam properties.