September 23, 2023


Mad about real estate

Tanjong Katong shophouse for sale at $8.8m foundation cost, Residence News & Top Tales

A key freehold corner four-storey conservation shophouse at 240 Tanjong Katong Street is up for sale with a starting selling price of $8.8 million, promoting agent PropNex said yesterday.

The 2,064 sq ft web site is zoned “household with industrial on the first storey”, with an allowable plot ratio of 3..

The house is thoroughly occupied, with the ground ground leased to an eatery. According to Urban Redevelopment Authority guidelines, no new eateries are permitted on Tanjong Katong Street from Dunman Street to Mountbatten Highway.

The residence enjoys outstanding frontage on each Tanjong Katong Road and Parkstone Road, and is an 11-minute wander from the approaching Tanjong Katong MRT station, which is envisioned to be finished in 2023.

PropNex is providing the residence through a shut bidding workout, as bodily auction occasions are presently not permitted amid Covid-19 constraints on big gatherings.

Below the work out, all delivers acquired right before the closing date will be made recognized to sellers and intrigued bidders.

PropNex head of corporate profits Clarence Goh said that below the closed bidding process, sellers will know that they are getting firm features from real customers, when bidders are notified of competing offers, which can make the approach clear.

Submissions underneath the shut bidding exercise will have to be sent in by 3pm next Tuesday at Level 11, HDB Hub East Wing.

THE Business Times