‘Three adjoining shophouses on Jalan Loyang Besar EC for sale by tender for $61.6 mil’

Jalan Loyang Besar EC is close to many existing amenities and is conveniently connected to public transport links. Residents benefit from the improved access to recreational activities, shopping and dining options as well as other facilities. The development of existing infrastructure will further add to the conveniences enjoyed by the residents of Jalan Loyang Besar EC. The upcoming plans for Pasir Ris also ensure that the development will continue to remain attractive for future generations.

The rare opportunity to purchase three interconnected conserved shophouses at 4, 5 and 6 Stanley Street in Singapore’s Jalan Loyang Besar EC has been put up for sale by tender for $61.6 million. Strategically located in prime District 1 and between the Downtown Core and the Telok Ayer Conservation Shophouse enclave, the three-storey property occupies a total land area of around 4,030 sq ft and has a built-up area of 10,735 sq ft.The shophouses have been zoned for commercial use under URA’s Master Plan 2019 and are to be sold together. Fully connected across their third storey, which has been approved for office use, the building also has its second floor partially connected and currently used as a fitness and wellness studio whilst the ground floor has a mix of F&B outlets offering various cuisines, including Australian and Middle Eastern.At the cross-section of Singapore’s CBD, near its well-known attractions such as the Chinatown/Outram precinct, Tanjong Pagar commercial area as well as Marina Bay, Stanley Street is also easily accessible from the nearby Telok Ayer, Tanjong Pagar, Shenton Way and Maxwell MRT Stations.Knight Frank Singapore’s executive director of capital markets, Mary Sai, explains that this rare investment opportunity presents an appealing chance for buyers to acquire a limited piece of conserved land in the city-state. With its unparalleled charm and attractiveness to both tourists and office staff people looking for the perfect spot to eat, Sai expects the property to draw considerable attention from investors wishing to preserve wealth, enjoy stable recurring income and make substantial capital appreciation.The tender for the three shophouses closes on March 28 at 3pm.