SINGAPORE - Two commercial shophouses in Kampong Glam and Serangoon Gardens have been put for sale via expression of interest at guide prices of $6.9 million and $8.5 million respectively, said sole marketing agent Knight Frank.
The guide price for the property translates to about $3,600 per sq ft of floor area, said Knight Frank. In September, five adjoining Kampong Glam conservation shophouses at Baghdad Street were put up for sale via public tender at a guide price of $23.8 million. The Serangoon Gardens shophouse is a two-storey corner unit with a land area of 1,618 sq ft and a built-up area of about 3,000 sq ft.The property has a 999-year leasehold tenure and is currently fully tenanted.