{"id":26425,"date":"2019-06-06T11:50:26","date_gmt":"2019-06-06T03:50:26","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=26425"},"modified":"2022-06-13T17:07:05","modified_gmt":"2022-06-13T09:07:05","slug":"shophouse-properties-under-3-million","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/shophouse-properties-under-3-million\/","title":{"rendered":"5 Commercial Shophouse Properties You Can Own For Under $3 Million"},"content":{"rendered":"
<\/div>

Entrepreneurship is big these days, and it\u2019s common for Singaporeans (especially Millennials and those in Gen Z) to dream of owning their own cafe, restaurant, or retail store.<\/span><\/p>\n

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

#1: This unit at Everton Park<\/b><\/h3>\n

District: D02<\/span><\/p>\n

Nearest MRT: Outram Park \u00a0<\/span><\/p>\n

Size: 1,100 sq ft <\/span><\/p>\n

Sale price: $1,600,000<\/span><\/p>\n

PSF sale price: $1,454.55 <\/span><\/p>\n

For just $1.6m, you can get your hands on this two storey HDB shophouse at <\/span>Everton Park<\/span><\/a>. 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.<\/span><\/p>\n

#2: This unit at Race Course Road<\/b><\/h3>\n

District: D08<\/span><\/p>\n

Nearest MRT: Farrer Park<\/span><\/p>\n

Size: 1,076 sq ft <\/span><\/p>\n

Sale price: $2,180,000<\/span><\/p>\n

PSF sale price: $2,026.02 <\/span><\/p>\n

Don\u2019t turn your nose up at Little India – it\u2019s 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 <\/span>Race Course Road<\/span><\/a> isn\u2019t situated on that particular stretch where the cafes congregate, it\u2019s just a short stroll away. The shop is located on the ground floor, and it\u2019s two minutes away (on foot) from Farrer Park MRT. \u00a0<\/span><\/p>\n

#3: This unit at Monville Mansions<\/b><\/h3>\n

District: D12<\/span><\/p>\n

Nearest MRT: Toa Payoh<\/span><\/p>\n

Size: 2,347 sq ft <\/span><\/p>\n

Sale price: $2,850,000<\/span><\/p>\n

PSF sale price: $1,214.32<\/span><\/p>\n

Monville Mansions is a freehold mixed development located at Balestier, and this <\/span>two storey commercial shop<\/span><\/a> 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. <\/span><\/p>\n

#4: This unit at Jalan Berseh<\/b><\/h3>\n

District: D08<\/span><\/p>\n

Nearest MRT: Jalan Besar, Lavender, Bugis, Farrer Park <\/span><\/p>\n

Size: 602 sq ft <\/span><\/p>\n

Sale price: $1,388,888<\/span><\/p>\n

PSF sale price: $2,307.12<\/span><\/p>\n

This shophouse at <\/span>Jalan Berseh<\/span><\/a> 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\u2019s no reason why they won\u2019t come to Jalan Berseh as well. <\/span><\/p>\n

On the bright side, the shophouse is located in the middle of <\/span>four<\/span><\/i> MRT stations – it\u2019s 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\u2019t get much better than this!<\/span><\/p>\n

#5: This unit at Toa Payoh Central<\/b><\/h3>\n

District: D12<\/span><\/p>\n

Nearest MRT: Toa Payoh<\/span><\/p>\n

Size: 1,237 sq ft <\/span><\/p>\n

Sale price: $2,650,000<\/span><\/p>\n

PSF sale price: $2,142.28<\/span><\/p>\n

If your priority is setting up shop somewhere that gets plenty of foot traffic, then you\u2019ll love this HDB shophouse at <\/span>Toa Payoh Central<\/span><\/a>. 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\u2019re 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.<\/span><\/p>\n

Thinking of buying a shophouse in Singapore? Voice your thoughts in our comments section or on <\/span><\/i>our Facebook community page<\/span><\/i><\/a>.<\/span><\/i><\/p>\n

Looking for a property? Find the home of your dreams today on Singapore\u2019s largest <\/span>property portal 99.co<\/span><\/a>! You can also <\/span>access a wide range of tools to calculate your down payments and loan repayments<\/span><\/a>, to make an informed purchase.<\/span><\/p>\n

Image credits for featured image: <\/span><\/i>ThePeakMagazine.com.sg.<\/span><\/i><\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurship is big these days, and it\u2019s 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…<\/p>\n","protected":false},"author":36,"featured_media":26426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53589,53912,57131],"tags":[53698,53664],"persona":[],"class_list":{"2":"type-post","12":"entry","13":"has-post-thumbnail"},"acf":[],"yoast_head":"\n5 Commercial Shophouse Properties You Can Own For Under $3 Million<\/title>\n<meta name=\"description\" content=\"Dreaming of owning your own cafe, restaurant, or retail store? 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