Freehold Conservation Shophouse Along Tanjong Katong Road Sale 798 Mil
A charming freehold conservation shophouse at 350/350A Tanjong Katong Road is currently available for purchase through an expression of interest (EOI) with an indicative price of $7.98 million. The well-maintained double-storey shophouse with an attic is zoned for residential with commercial use on the first level. Its gross plot ratio of 3.0 under the URA Master Plan 2019 offers an estimated floor area of 2,900 sq ft. Seated within the Tanjong Katong Conservation Area and categorised as a Secondary Settlement zone, this property is exclusively marketed by Brilliance Capital’s founder and executive director, Sammi Lim. “Not only does this location allow for the preservation of its architectural character but it also provides the opportunity for modern upgrades,” Lim states.Read also: Conservation shophouse on Liang Seah St on the market for $15 mil AdvertisementAdvertisement Utilising the site’s area of approximately 1,386 sq ft and its 3.0 plot ratio, it is viable to increase the gross floor area to 4,158 sq ft through the construction of a four-storey rear extension, subject to relevant approvals. Lim also notes that URA has ceased granting approvals for new restaurant businesses in the Tanjong Katong and East Coast areas, making the current tenant, Lunar Rabbit, a French bakery on the first level of the shophouse at 350 Tanjong Katong Road a valuable opportunity. Additionally, the upper storey is occupied by a co-living operator, The Hannah, making this property fully tenanted and offering immediate rental income to its new owner. Lim adds that the property underwent refurbishment three years ago, resulting in long-term desirability, making this a “turnkey investment” for potential buyers. Located within walking distance to the Tanjong Katong MRT Station on the Thomson-East Coast Line, this shophouse is conveniently situated close to lifestyle and retail hubs like i12 Katong, Kinex Mall, Parkway Parade, and Paya Lebar Quarter (PLQ). Its proximity to the East Coast Parkway (ECP) and Pan-Island Expressway (PIE) also offers easy access to the CBD, Changi Airport, and other key business districts. With the growth of new upscale condos such as the 638-unit Tembusu Grand and the 846-unit Emerald of Katong, coupled with the ongoing rejuvenation efforts in the area, the shophouse along Tanjong Katong Road is well-positioned for future rental potential and long-term value appreciation, as per Lim of Brilliance Capital. Read also: Tras Street shopouse for sale at $16.8 mil AdvertisementAdvertisement Lim concludes, “Freehold conservation shophouses in established lifestyle districts like Tanjong Katong are highly sought after, and their appeal remains strong for both end-users and investors, especially among family offices, high-net-worth individuals, co-living operators, and boutique investment firms.” The EOI exercise is scheduled to close on May 16. RELATED NEWSConservation shophouse on Liang Seah St on the market for $15 milTras Street shopouse for sale at $16.8 mil Five conservation shophouses along Joo Chiat Road for sale at $59.8 million
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