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The indicative price works out to about S$2,800 per square foot on the estimated gross floor area. Located on 39 and 40 Duxton Road, the shophouses have a combined land area of 2,161 sq ft, and an estimated built-up area of 3,929 sq ft.
Under the Urban Redevelopment Authority's (URA) Draft Master Plan 2019, the site is zoned "commercial" and situated within the Tanjong Pagar conservation area. It is also about 550 metres from Tanjong Pagar MRT station, and near the upcoming Maxwell MRT Station, which is slated to open in 2021.
The most important Real Estate news in Singapore
- WeWork landlords are bracing for a market fallout
- CapitaLand associate buying Fullshare's office space in Cecil St tower
- Mapletree Commercial Trust to buy business park for S$1.55b
- CDL to compulsorily acquire remaining M&C shares
- Luxury apartment sales hit 11-year high: Report
Latest news from the Asian Property market
- Keppel buys office building in Shanghai’s Zhangjiang high tech park for RMB 493M
- Mapletree reit to acquire Google Apac HQ in S$1.55b Singapore Biz Park Buy
- New drive in smart city development
- Overlaps in legal system create difficulties for property businesses
- Novaland receives $20 million to develop Novaworld Mekong project
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Previous news selection
Mapletree Commercial Trust to buy S$1.55b business park from sponsor
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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