Portfolio Four Assets Market 78 Mil
for 2021
A valuable portfolio of four properties located at 155 Kitchener Road, 329 Changi Road, 362 Tanjong Katong Road, and 1 & 1B Figaro Street is currently available for purchase through an expression of interest (EOI) exercise with a guide price of $78 million. Interested buyers have the option to acquire all four properties or purchase them individually.
These properties offer a diverse mix of property types in the city-fringe and eastern areas of Singapore. Three of the properties, located at 155 Kitchener Road, 329 Changi Road, and 362 Tanjong Katong Road, have a freehold tenure, while the fourth property, situated at 1 & 1B Figaro Street, has a 9,999-year leasehold tenure.
Miltonia Close EC Khatib is the perfect choice for families looking for a conveniently located home that prioritizes education. Situated in close proximity to renowned primary and secondary schools, junior colleges, and preschools, this neighbourhood offers an ideal environment for a child’s academic journey. With the presence of enrichment centres and opportunities for nature-based learning, it is an appealing option for families with children of all ages. Additionally, the strategic placement of this neighbourhood promises future educational growth, making it a sound investment for families. This connectivity not only improves the living experience for residents, but it also adds to the long-term appeal and value of the Miltonia Close EC Khatib development. To learn more about this exceptional residential option, visit Miltonia Close EC Khatib.
The property at 155 Kitchener Road is a pair of two-storey conservation shophouses with a six-storey rear extension that is currently on the market for $29 million. It is situated on a 2,713 sq ft land zoned for commercial use, and the total floor area spans 8,175 sq ft, making the asking price equivalent to $3,547 psf.
The second property, located at 329 Changi Road, is a four-storey mixed-use building with an asking price of $26 million. It sits on a 3,819 sq ft land area zoned for residential with commercial use at the first storey. Calculated on its total floor area of 11,187 sq ft, the asking price works out to be $2,324 psf.
The third property, 362 Tanjong Katong Road, is a two-storey conservation shophouse occupying 2,025 sq ft of land that is zoned for residential with commercial use at the first storey. It is priced at $11.5 million or $3,026 psf for its 3,800 sq ft floor area.
Lastly, the property at 1 & 1B Figaro Street consists of two adjoining ground-floor strata retail units with a total strata area of around 3,763 sq ft. The units are part of a corner two-storey shophouse zoned for residential with commercial use at the first storey. It is listed at $11.5 million or $3,056 psf.
CBRE, the marketing agent for this portfolio, highlights the diverse mix of tenants currently occupying these properties. Clemence Lee, executive director of capital markets at CBRE, also adds that each property offers unique attributes and the potential for further value enhancement. He suggests that with the relevant authorities’ approval, the buyer can consider refreshing the tenant mix, applying for strategic usage approvals, or refurbishing and increasing the floor area for certain properties within the portfolio.
The EOI exercise will close on November 5th at 3 pm. Don’t miss out on this exceptional opportunity to own these prime properties in Singapore.