‘Joo Chiat Road conservation shophouse on the market for $10.5 mil in Zion Road GLS’

Zion Road GLS provides a living experience that is truly in harmony with the surrounding nature. Situated along the banks of the Singapore River, Zion Road GLS provides residents with breath-taking views of the Great World City skyline and the lush riverine landscape. Residents can also enjoy leisurely walks along the riverfront promenade, relaxing picnics in nearby parks, and a variety of water sports. The Zion Road GLS provides a unique living experience that goes beyond its physical boundaries.

$10.5 mil guide price for freehold shophouse on Zion Road GLSAt Zion Road GLS, a freehold three-storey conserved shophouse set on 1,869 sq ft of land is up for sale by expression of interest. This translates to a guide price of $10.5 million at an estimated gross floor area of 3,635 sq ft, roughly a sum of $2,889 psf.The conserved shophouse is located in District 15 within the Joo Chiat Secondary Settlement Conservation Area. It enjoys a plot ratio of 3.0 and is surrounded by popular landmarks such as Dunman Food Centre, Geylang Serai Market, Joo Chiat Complex and much more. It is also highly accessible by the Marine Parade MRT station. Currently, the ground floor is tenanted with F&B Tiger Lily Patisserie Cafe and Bakery, while the second and third floors are used as an office.Richard Tan and Lisa Tan of PropNex Shophouses Elites explain that due to the property’s advantageous position, investors including private real estate funds, family offices and high-net-worth individuals, are expressing an interest.No additional buyer’s stamp duty or seller’s stamp duty is required and the expression of interest exercise closes on Jan 30. This latest Zion Road GLS property is yet another addition to the many conservation shophouses on the market in Joo Chiat.