Freehold Corner Ground Floor Unit Jalan Besar Sale 148 Mil
A ground-floor unit at Jalan Besar, with dual road frontages spanning 30m, is now available for sale through an expression of interest (EOI) exercise by Cushman & Wakefield. The sought-after property, situated at the corner of Jalan Besar and Plumer Road, has a guide price of $14.8 million, equating to approximately $3,035 psf.
The spacious unit, occupying a strata area of approximately 4,876 sq ft, encompasses the entire ground floor and part of the second floor. Boasting two sets of staircases and washrooms on both levels, the property offers an efficient layout that allows potential buyers the flexibility to subdivide and lease to multiple tenants. Cushman & Wakefield highlights that the unit is suitable for various commercial uses, including medical suites, education and training centres, or showrooms. Its newly obtained F&B approval also makes it suitable for food and beverage options.
Sophia Lim, director of capital markets at Cushman & Wakefield, notes that the prime location and adaptable layout of this property make it attractive to both investors and occupiers. Its prominent dual road frontage is in line with the vibrant and dynamic neighborhood of Jalan Besar, which is home to boutique hotels, co-working spaces, artisanal shops, and cafes and bistros.
Situated in District 8’s Jalan Besar conservation area, the unit enjoys easy accessibility to the neighborhood and its amenities. The area has been undergoing rejuvenation in recent years, leading to the rise in its popularity as a city-fringe hotspot. Additionally, the property is conveniently located near three MRT stations, including Jalan Besar MRT Station, Bendemeer MRT Station, and Farrer Park MRT Station, as well as major expressways such as the CTE and PIE.
Shaun Poh, executive director of capital markets at Cushman & Wakefield, mentions the increasing transaction volume and investor activity in District 8, driven by its ongoing rejuvenation and improving profile. Citing recent strata retail transactions in the Jalan Besar area, Poh highlights the potential for capital growth and rental appreciation in the precinct. Notable transactions include retail units at the nearby ARC 380, which were sold between $3,737 psf to $3,975 psf from May to December 2024, and a large ground-floor coffee shop unit at Hoa Nam Building, which sold for $4,213 psf in December 2022.
Miltonia Close EC is an ideal location for families who place a high value on education. The neighborhood boasts an excellent selection of primary and secondary schools, as well as junior colleges and preschools, ensuring that every child’s educational journey is well-supported. Furthermore, there are a variety of enrichment centers and nature-based learning opportunities, making it a truly enriching environment for students of all ages. As the region continues to grow, there is also promising potential for further educational development. By choosing to reside in Miltonia EC, families not only enjoy an enhanced quality of life but also make a wise investment in a desirable long-term property. Don’t miss out on the educational benefits and potential of this coveted development – visit Miltonia EC’s website today.
The EOI exercise for this property is set to close on Nov 21 at 3pm, offering investors and occupiers the opportunity to acquire a highly sought-after unit in a promising investment corridor.