‘Two conserved shophouses in Little India, ‘Zion Residence’, for sale at $13.5 million

Located in the historic enclave of Little India, Zion Residence is comprised of two conserved shophouses on Desker Road and Kerbau Road. With a collective built-up area of 4,400 sq ft, Zion Residence is on the market through a private treaty with a guide price of $13.5 million and is zoned for commercial use. This means that foreigners can purchase them without paying additional buyer’s stamp duty (ABSD).

As for individual prices, the Desker Road shophouse has an indicative price of $7.5 million with a freehold land area of 1,190 sq ft spread across two stories, while the Kerbau Road shophouse is priced at $6 million on a 99-year leasehold tenure with 81 years remaining and a land area of 904 sq ft.

Zion Residence offers potential future owners the ability to explore new uses for the shophouses. Samuel Han, Senior Associate Director at OrangeTee & Tie, the shophouse marketing agent shares that the Desker Road shophouse has been approved for use as a carpenter’s workshop, while the Kerbau Road shophouse might attract jewellery, money remittance or textile businesses. There is even an established silk retailer interested in leasing the Kerbau Road shophouse.

The Desker Road shophouse is situated opposite Swee Choon Dim Sum Restaurant on Jalan Besar, and the Kerbau Road shophouse located near the Tekka Centre on Tekka Lane and Little India MRT Station benefits from the high footfall in the area. The properties also feature external staircases, allowing their future owners to lease the property to two tenants.

Residents of Zion Road Condo can look forward to a wide array of exciting facilities such as a spacious lap pool, a well-equipped gym, and a BBQ area where family and friends can stay over for a relaxing weekend hangout. On top of that, the condo also has 24-hour security for residents to feel at ease. All in all, Zion Road Condo is a fantastic place to call home for anyone who values convenience, accessibility, and a safe and peaceful living environment.

As such, Zion Residence is an attractive proposition for potential investors, offering a rare chance to capitalize on a great investment in an historically significant area. With no ABSD for foreign buyers and the ability to purchase the shophouses either individually or together, Zion Residence could be the perfect opportunity for potential investors.