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Today is Dec 4, 2020
Lee Chun Peng Adnic
Senior Associate Director
PROPNEX REALTY PTE LTD
CEA Licence No.:
L3008022J / R012847G

adniclee@gmail.com
Call (+65) 9672 2265

For Sale - 32 Hongkong Street (D01)

S$ 8,500,000  View to Offer   |  S$ 1197.18 psf  |  7,100 sqft (659.61 sqm) 

Hong Kong Street For Sale

Its guide price from $8.38mn, excluding the premium payable for lease renewal.

That works out to S$1,180 per square foot, based on a total floor area of about 7,100 square feet (sq ft).

The shophouse comes with a lift installed. It sits on an envelope control site spanning about 1,717 sq ft, with a land tenure of 99 years from Jan 1, 1942.

Envelope control sites are vacant lands and buildings located within Conservation Areas in Singapore, but are not designated for conservation. They can be redeveloped subject to government guidelines.

Whether you are a family office looking to develop your own office or investor developer looking to rebuilt to rent/sell, don't miss this rare bite size unit in CBD, opposite Clarke Quay MRT.

Most of the CBD buildings requires you to enbloc and usually you will need to invest hundreds of millions to acquire and rebuilt.

Shophoues within CBD for Freehold are going at average $3300psf - $3500psf on the total floor area. 99 from 1990s going at about $2500psf -2800psf

32 Hong Kong Street offers a very rare opportunity to design and rebuild your own property.

Land 1717sqft approx
Floor Area 7100 sqft approx.
99years from 1942 (requires to apply for top up lease with SLA)
Plot Ratio 4.2
5 Sty with lift installed
Sold Vacant ("as is where is basis")
Lowest Price Unit! Ideal for Rebuilt and Top Up Lease

Guide Price $8.5M - NO GST (Price not inclusive of lease top up premium)
Contact 96722265 for viewing

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    Property Information

    Development Name:
    32 Hongkong Street
    Property Type:Shop / Shophouse

    Features:

    • Air conditioning

    Location

    Hongkong, Hongkong Street
    Singapore

    Nearest MRT Station


    • CC14 Lorong Chuan MRT Station (0.93 km)
    • CR10 Tavistock MRT Station (1.25 km)
    • CC13 Serangoon MRT Station (1.31 km)

    Nearest Schools


    • Zhonghua Primary School (0.27 km)
    • CHIJ Our Lady Of Good Counsel (0.38 km)
    • Peicai Secondary School (0.79 km)

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