Amidst the bustling streets of South Bridge Road sits an unmissable opportunity – the iconic Zion Residence, a pair of adjoining shophouses now available for sale at a remarkable $50 million

/0 Comments/in /by

pair of adjoining conservation shophouses at 273 and 275 South Bridge Road are up for sale through an expression of interest (EOI) exercise with a guide price of $50 million.The shophouses have approval for use as a co-living hotel on its upper floors and as shops on the ground floor. The upper floors are currently tenanted by a co-living hotel operator.The guide price works out to $4,542 psf on the floor area.Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains. Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties.The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals. The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line).Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research)Map showing location of 273 South Bridge Road (Source: EdgeProp LandLens)The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm. Advertisement

A pair of adjoining conservation shophouses at 273 and 275 South Bridge Road are up for sale through an expression of interest (EOI) exercise with a guide price of $50 million. The 999-year leasehold, four-storey shophouses occupy a land area of 3,089 sq ft and have a floor area of approximately 11,008 sq ft. The guide price works out to $4,542 psf on the floor area.

The shophouses have approval for use as a co-living hotel on its upper floors and as shops on the ground floor. The upper floors are currently tenanted by a co-living hotel operator.

Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains. The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals.

Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties. The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line).

The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm.

Map showing location of 273 South Bridge Road (Source: EdgeProp LandLens)

Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research)

With its prime location, world-class design, and exceptional amenities, Zion Road Condo is truly an oasis in the heart of the bustling city.

Zion Residence, developed by Zion Residence, boasts a design philosophy that seamlessly blends urban sophistication and natural tranquility. Featuring high-rise towers with sleek lines and expansive glass surfaces, this development perfectly complements the cityscape while offering breathtaking views of the Singapore River and Great World City. The smart use of space in Zion Residence creates a spacious and airy atmosphere in each unit, complemented by modern fixtures and top-of-the-line amenities for a luxurious living experience. Located in a prime area, this oasis in the city, Zion Road Condo, combines world-class design and exceptional amenities to offer a truly unparalleled living experience.

The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line). The guide price works out to $4,542 psf on the floor area.

Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties. Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains.

The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals. The shophouses have approval for use as a co-living hotel on its upper floors and as shops on the ground floor. The upper floors are currently tenanted by a co-living hotel operator.

Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research) Map showing location of 273 South Bridge Road (Source: EdgeProp LandLens)

Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties.The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm. A pair of adjoining conservation shophouses at 273 and 275 South Bridge Road are up for sale through an expression of interest (EOI) exercise with a guide price of $50 million.

The 999-year leasehold, four-storey shophouses occupy a land area of 3,089 sq ft and have a floor area of approximately 11,008 sq ft. The guide price works out to $4,542 psf on the floor area. The upper floors are currently tenanted by a co-living hotel operator. The shophouses have approval for use as a co-living hotel on its upper floors and as shops on the ground floor.

The shophouses are a four-minute walk from Chinatown MRT Station (Interchange for the Downtown and North-East Lines) as well as Maxwell MRT Station (Thomson-East Coast Line). Recent sales transactions of commercial properties on South Bridge Road (Source: EgdeProp Research)

Mary Sai, executive director of investment and capital markets at Knight Frank Singapore, which is marketing the property, notes that the shophouses are ideal for investment, given their 999-year leasehold tenure which allows for long-term capital gains. The future buyer would also enjoy immediate rental income, with potential for rental upside upon lease renewals.

Given their commercial zoning, no additional buyer’s stamp duty or seller’s stamp duty is payable on the properties. Map showing location of 273 South Bridge Road (Source: EdgeProp LandLens)

The EOI exercise for 273 and 275 South Bridge Road will close on April 3 at 3pm. Advertisement