{"id":57246,"date":"2022-07-27T15:33:10","date_gmt":"2022-07-27T07:33:10","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=57246"},"modified":"2022-07-28T17:54:00","modified_gmt":"2022-07-28T09:54:00","slug":"shophouse-tanjong-pagar-sale-12m","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/shophouse-tanjong-pagar-sale-12m\/","title":{"rendered":"Tanjong Pagar shophouse up for sale at S$12m"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>A two-storey shophouse along Craig Road has been put up for sale with a guide price of S$12 million.<\/p>\n<p>According to Savills, the exclusive marketing agent of the sale, the shophouse sits on a land area of approximately 1,581 sq ft, with an estimated floor area of 3,483 sq ft. It comes with a mezzanine level and an open terrace facing a park connector. In terms of the price psf, this translates to around S$3,445 psf on the floor area.<\/p>\n<p>The property is a conservation shophouse within the <a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/tanjong-pagar\" target=\"_blank\" rel=\"noopener\">Tanjong Pagar<\/a> conservation area. This means some uses, such as new bars and pubs, may not be allowed. In the case of this property, it sits on a \u201cCommercial\u201d zone and comes with F&amp;B approval on the ground floor and office use on the upper floor.<\/p>\n<p>According to Savills, the shophouse is currently tenanted with a popular Japanese cafe teahouse on the ground floor and an MNC tenant on the upper floor. A simple Google search states that the teahouse is Hvala.<\/p>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3988.8235852434573!2d103.84071076523144!3d1.2794514621528277!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da190db3a59221%3A0xb762b21d0d126e43!2sHvala%20Craig!5e0!3m2!1sen!2ssg!4v1658901809404!5m2!1sen!2ssg\" width=\"600\" height=\"450\" allowfullscreen=\"allowfullscreen\"><\/iframe>The shophouse is situated between the Duxton Hill and Keong Saik F&amp;B enclave, and is surrounded by restaurants and hipster cafes such as Ma Cuisine, Shake Shake and Birds of Paradise.<\/p>\n<p>It also enjoys excellent connectivity, with the shophouse within a five-minute walking distance from <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\/tanjong-pagar-mrt\" target=\"_blank\" rel=\"noopener\">Tanjong Pagar MRT<\/a>, <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\/outram-park-mrt\" target=\"_blank\" rel=\"noopener\">Outram Park MRT<\/a> and the upcoming <a href=\"https:\/\/www.99.co\/singapore\/mrt-stations\/maxwell-mrt\" target=\"_blank\" rel=\"noopener\">Maxwell MRT<\/a>.<\/p>\n<p>Yap Hui Yee, Senior Director, Investment Sales &amp; Capital Markets at Savills Singapore, said, \u201cThis is a rare opportunity for buyers to purchase a conservation shophouse, especially one located within Singapore\u2019s most popular F&amp;B enclaves.<\/p>\n<p>&#8220;Primely located near the junction of Neil Road and Craig Road, the immediate vicinity is undergoing revitalisation efforts with the upcoming Mondrian Singapore Duxton Hotel complete with rooftop bar and pool, restaurant, and lounge. The asset is expected to benefit from the influx of international tourists seeking to immerse themselves in this historic conservation area.\u201d<\/p>\n<p>As it is a commercial property, foreigners and companies can purchase the shophouse without paying the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-additional-buyers-stamp-duty-absd\/\" target=\"_blank\" rel=\"noopener\">Additional Buyer\u2019s Stamp Duty (ABSD)<\/a>, which currently stands at 30% for foreigners and 35% for companies.<\/p>\n<p>The sale will be conducted through an Expression of Interest exercise, which will close on Wednesday 31 August at 3pm.<\/p>\n    <section id=\"portal-widget-tab-panel-69f598b51ce23\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-69f598b51ce23\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Shophouses for sale<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/sale?listing_type=sale&amp;main_category=shophouse&amp;map_bounds=1.027038%2C103.449121%2C1.602411%2C104.245061&amp;name=Singapore&amp;page_num=1&amp;page_size=35&amp;property_segments=commercial&amp;query_coords=1.354883%2C103.817413&amp;query_ids=singapore&amp;query_limit=radius&amp;query_type=city&amp;radius_max=1000&amp;rental_type=&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;zoom=11&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/qxJbTd37j8osa7xvA8p2ze?text=Ssharon+Loh&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=fe93168079a72ede81bb0a2afdfad0e3920a4de8\" alt=\"Tiong Bahru Orchid Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Tiong Bahru Orchid<\/div>\n                            <div class=\"card-text card-subtitle\">Tiong Bahru Orchid<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,250 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,949,999<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/sale\/property\/tiong-bahru-orchid-shophouse-Qf5bFqhKRd53mWzG2BAq64?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/DJpF37fz2rM6D93j4YabeE?text=Ssharon+Loh&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=18b67a342b47adf4d6e407895b65ca174d465413\" alt=\"Little India Conservation Area Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Little India Conservation Area<\/div>\n                            <div class=\"card-text card-subtitle\">Little India Conservation Area<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>882 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,200,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/sale\/property\/little-india-conservation-area-shophouse-J2vzqmTfwmaw8pYCFkWc4G?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/WbotchkVB4SzGfVxjSnwKE?text=Khayden+Chua&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=5748c9fa9dc2ce8d0f50dea5207b9e90d4c10719\" alt=\"Hua Teck Siang Tng Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Hua Teck Siang Tng<\/div>\n                            <div class=\"card-text card-subtitle\">Hua Teck Siang Tng<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,014 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 2,400,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/sale\/property\/hua-teck-siang-tng-shophouse-Mvo9TU2jGKAquLG2awCDxT?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/www.99.co\/static\/img\/placeholder\/image-placeholder.png\" alt=\"Kampong Glam Conservation Area Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Kampong Glam Conservation Area<\/div>\n                            <div class=\"card-text card-subtitle\">Kampong Glam Conservation Area<\/div>\n                            <div class=\"card-text card-room\">\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div style=\"display:none;\">\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span><\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,300 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 9,000,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/commercial\/sale\/property\/kampong-glam-conservation-area-shophouse-5ryz6BEzA6qQT3pSEpgbxz?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<h2>Would you consider buying a conservation shophouse? Let us know in the comments section below.<\/h2>\n<p>If you found this article helpful, 99.co recommends <a href=\"https:\/\/www.99.co\/singapore\/insider\/euroasia-apartments-sold\/\" target=\"_blank\" rel=\"noopener\">Euro-Asia Apartments at Serangoon Road sold for S$222.18 million<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/suntec-city-sale-new-record\/\" target=\"_blank\" rel=\"noopener\">New record set for Suntec City entire floor sale at S$38.8 mil.\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A two-storey shophouse along Craig Road has been put up for sale with a guide price of S$12 million. According to Savills, the exclusive marketing agent of the sale, the shophouse sits on a land area of approximately 1,581 sq ft, with an estimated floor area of 3,483 sq ft. It comes with a mezzanine&hellip;<\/p>\n","protected":false},"author":111,"featured_media":57267,"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":"no","_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":[53653,57131],"tags":[57186,57289,53664,53680],"persona":[57128],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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