5 Commercial Shophouse Properties You Can Own For Under $3 Million

Entrepreneurship is big these days, and it’s common for Singaporeans (especially Millennials and those in Gen Z) to dream of owning their own cafe, restaurant, or retail store.

Ready to make those dreams your reality? In this blog post, we share 5 commercial shophouse properties that you can purchase for between S$1,388,888 to S$2,850,000. Read on to find out more!

#1: This unit at Everton Park

District: D02

Nearest MRT: Outram Park  

Size: 1,100 sq ft

Sale price: $1,600,000

PSF sale price: $1,454.55

For just $1.6m, you can get your hands on this two storey HDB shophouse at Everton Park. This is a corner unit that was built in 1980, and has 60 years left on its lease. The shophouse is well-renovated and properly maintained, and both the upper and lower floors are tenanted until 2019 and 2020 respectively. This means you can earn some passive income whilst figuring out your business plan, then get the ball rolling once your tenants move out.

#2: This unit at Race Course Road

District: D08

Nearest MRT: Farrer Park

Size: 1,076 sq ft

Sale price: $2,180,000

PSF sale price: $2,026.02

Don’t turn your nose up at Little India – it’s actually a pretty hip area that houses a smattering of cafes and bars (including Brunches Cafe, Mosanco Enchanted Cafe, and the ever-popular Old Hen Coffee Bar). While this unit at Race Course Road isn’t situated on that particular stretch where the cafes congregate, it’s just a short stroll away. The shop is located on the ground floor, and it’s two minutes away (on foot) from Farrer Park MRT.  

#3: This unit at Monville Mansions

District: D12

Nearest MRT: Toa Payoh

Size: 2,347 sq ft

Sale price: $2,850,000

PSF sale price: $1,214.32

Monville Mansions is a freehold mixed development located at Balestier, and this two storey commercial shop within the development is now selling at $2,850,000. While this is the priciest property on our list, take into consideration that the shop is freehold, which means you can sell it off in the future without worrying about its remaining lease. If you look at the PSF price, the unit at Monville Mansions also works out to be more affordable than all the other shophouse listed within this post.

#4: This unit at Jalan Berseh

District: D08

Nearest MRT: Jalan Besar, Lavender, Bugis, Farrer Park

Size: 602 sq ft

Sale price: $1,388,888

PSF sale price: $2,307.12

This shophouse at Jalan Berseh is admittedly situated in an industrial-ish area (with most of its neighbours being hardware and construction shops). But, hey, if people are willing to drive all the way out to sip on their flat white at Chye Seng Huat Hardware, there’s no reason why they won’t come to Jalan Berseh as well.

On the bright side, the shophouse is located in the middle of four MRT stations – it’s a five-minute walk away from Jalan Besar MRT, and approximately 10 minutes away from Lavender, Bugis and Farrer Park. Where connectivity is concerned, it doesn’t get much better than this!

#5: This unit at Toa Payoh Central

District: D12

Nearest MRT: Toa Payoh

Size: 1,237 sq ft

Sale price: $2,650,000

PSF sale price: $2,142.28

If your priority is setting up shop somewhere that gets plenty of foot traffic, then you’ll love this HDB shophouse at Toa Payoh Central. The shophouse is just two minutes away from Toa Payoh MRT and HDB hub, and thousands of people walk past everyday. For $2,650,000, you’re getting a retail space on the ground floor, and a residential apartment on the second floor. The unit comes with 51 years left on its lease.

Thinking of buying a shophouse in Singapore? Voice your thoughts in our comments section or on our Facebook community page.

Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.

Image credits for featured image: ThePeakMagazine.com.sg..