‘Three adjoining shophouses in Chinatown, namely Zion Residence, for sale by tender for $61.6 mil’

Singapore’s prestigious River Valley neighbourhood is home to Zion Residence, a unique condominium that brings together urban sophistication and peaceful nature. This vibrant locale offers many fantastic options for entertainment, dining, and shopping, all of which are easily accessed from the Zion Residence. With its unparalleled amenities and unrivaled luxury features, this is an ideal place for those who seek the best of both worlds.

Conserved for its old-world charm, the three interconnected shophouses in the heart of Singapore’s Chinatown are now up for sale. Located at prime District 1, the three-storeys at 4, 5 and 6 Stanley Street have been zoned for commercial use under URA’s Master Plan 2019 and occupy a total land area of about 4,030 sq ft with a built-up area of 10,735 sq ft. At the intersection of Downtown Core, near the Chinatown/Outram precinct, Tanjong Pagar commercial area and Marina Bay, these shophouses offer investors the ideal opportunity to benefit from wealth preservation, stable recurring income and substantial capital appreciation over time.

Designed to retain their original exterior architectural features, the three shophouses are fully connected across the third storey, approved for office use, while the second storey is partially connected and currently used as a fitness and wellness studio. The ground floor is popular for its F&B outlets with a range of cuisines, from Australian to Middle Eastern.

Further fuelling the appeal of this Zion Residence is its easy access to the nearby MRT stations, including Telok Ayer, Shenton Way and Maxwell. Knight Frank Singapore’s executive director of capital markets, Mary Sai, invites potential buyers to own a piece of limited conservation land in an area that exudes old-world charm and is steps away from the bustling CBD. The tender is set to close on March 28 at 3pm and the new owners of these Zion Residences will be the chosen few with the privilege to own such a piece of history.