3 Shophouses with a 999-year lease for sale at Tan Quee Lan Street, Haji Lane and Arab Street

Three shophouses in Tan Quee Lan Street, Haji Lane and Arab Street Are put on the Marketplace by PropNex Realty.

The property is set to house about 700 units in two residential towers. Register to obtain Canninghill Piers brochure.

The gross plot ratio of 4.2 enables buyers to raise the floor area farther to approximately 4,629 sq ft. The guide price is available upon request.

All 3 levels are qualified for restaurant use by URA. The shophouse can be found in less than a moment’s walk into both Bugis MRT Interchange and the near future integrated growth of Midtown Modern. Esplanade MRT and Promenade MRT Station will also be in close proximity.

Loyalle Chin, associate manager at PropNex Realty, states,”Lease psf pricing of incorporated malls which are linked to MRT interchanges are priced higher at over $20 psf. Tenants may choose shophouses since they are a more workable option with a lower rental psf. They also supply tenants higher flexibility of working hours”

Chin is also promoting a set of 999-year shophouses from the Haji Lane enclave, 56 Haji Lane and 86 Arab Street, that can be sitting on a land area measuring 1,078 sq feet, with a entire floor area of about 2,200 sq ft. The cost for the two shophouses begin from $8.25 million upward ($3,750 psf on built-up area).

The shophouses enjoy dominant double frontage and higher footfall. They’re now tenanted and may also be utilized for F&B institutions, serviced apartments, and students’ hostels. They’re zoned”industrial” under the URA Master Plan 2019.
“The Haji Lane enclave is home to favorite tenants for example’I’m…’,’ Hygge, and Blu Jaz Cafe, among Singapore’s famous F&B and live entertainment places,” says Chin. The shophouses can be found inside a six-minute walk from Bugis MRT Interchange.

Chin says that the shophouses have been in near proximity to the near future Guoco Midtown in Tan Quee Lan Street, Liang Seah Street and North Bridge Road and will gain from the extra footfall caused by the 770,000 sq feet mixed improvement.