Five Shophouses Kreta Ayer Conservation Area Sale
Five shophouses in the Kreta Ayer Conservation area of Chinatown have been put up for sale by tender. The shophouses, located at Mosque Street and South Bridge Road, are currently under receivership and the sale is being conducted by FTI Consulting.
The properties include three freehold shophouses at Mosque Street, namely a double-storey unit at 6 Mosque Street and a pair of adjacent three-storey shophouses at 22, 22A, and 22B Mosque Street, as well as a single-storey shophouse at 23 Mosque Street. The remaining two shophouses, located at 202 and 204 South Bridge Road, are 999-year leasehold properties.
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The urban redevelopment authority’s Master Plan has placed a strong emphasis on revitalizing the public spaces in Toa Payoh. The objective is to foster a lively community atmosphere by upgrading parks, introducing new recreational amenities, and enhancing pedestrian pathways to promote outdoor activities and bonding among residents. With these enhancements, The Orie residents can look forward to more high-quality spaces within their vicinity for relaxation and social gatherings. This makes The Orie an alluring choice for families and individuals who value a well-rounded and active lifestyle. To learn more about The Orie and its offerings, please visit The Orie Price.
Built in the Transitional, Late, and Art Deco styles of the early 1900s to the 1960s, these shophouses are suitable for commercial use and are not subject to additional buyer’s stamp duty. Foreign buyers are also welcome to bid for these properties.
The gross floor area of the shophouse at 6 Mosque Street is 3,061 sq ft, while the combined gross floor area of the adjacent units at 22 and 23 Mosque Street is 7,467 sq ft. These shophouses are within walking distance to the Chinatown MRT Interchange Station for the Northeast and Downtown Lines, making them easily accessible. Additionally, they are close to a variety of amenities such as hotels, eateries, retail shops, and entertainment spots. Pagoda Street, a popular tourist spot, is just one street away.
The two shophouses at 202 and 204 South Bridge Road are amalgamated three-storey pre-war intermediate shophouses with mezzanine levels, offering a combined gross floor area of 6,869 sq ft. These properties are also conveniently located near Chinatown, Maxwell, and Telok Ayer MRT stations, as well as Singapore’s financial districts at Raffles Place and Shenton Way.
Interested parties can submit their bids for the tender, which will close on November 6, 2024 at 5pm. Viewings can be arranged by appointment only. For more information and tender forms, interested buyers can contact FTI Consulting at ProjectXin@fticonsulting.com.
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