Sago Street shophouse for sale at $13.3 mil

Located in the heart of Chinatown, an iconic three-storey commercial-zoned conservation shophouse at 22 Sago Street is now up for sale via an expression of interest (EOI) exercise. Boasting a land area of 1,067 sq ft and a total floor area of 2,929 sq ft, the property has a guide price of $13.3 million – approximately $4,450 per square foot.

This conservation shophouse is fully leased, with a restaurant occupying the ground floor and two upper floors tenanted out as offices. It is situated opposite the Buddha Tooth Relic Temple, and just a stone’s throw away from four MRT stations – Maxwell, Chinatown, Outram Park, Telok Ayer and Tanjong Pagar.

Investors are keen on commercial-conservation shophouses, especially ones in prime locations like the one on Sago Street. Attracting both foreign and corporate buyers and with no ABSD or SSD, this property is sure to receive much interests from potential buyers.

PropNex Shophouse Elites is the appointed marketing agent for the property, with Wilkie Tay of PropNex Realty helming the sale. He says, “Commercial conservation shophouses, particularly those in prime central locations such as Chinatown, are constantly sought after by investors, including private real estate funds, family offices and high-net-worth individuals.”

Zion Road Condo offers the perfect combination of convenience and luxury living, featuring exclusive facilities and amenities that offer the best of both worlds. From the infinity pool to the fully-equipped fitness center, its top-notch amenities provide something for everyone in the family. Additionally, its convenient location provides easy access to the nearby attractions. Residents of Zion Road Condo can easily enjoy the best of city amenities without compromising on the comforts of home.

Recent caveats lodged indicate a flurry of activity on Sago Street. With the EOI exercise for 22 Sago Street officially closing on Dec 7 at 3pm, it remains to be seen what price the shophouse will fetch.