/ Property news / 32 shophouses along Lavender St, Serangoon Rd for sale with S$138m guide price

32 shophouses along Lavender St, Serangoon Rd for sale with S$138m guide price

A PORTFOLIO of 32 freehold city-fringe shophouses located along Lavender Street and Serangoon Road has been launched for sale by public tender at a guide price of S$138 million, marketing agent JLL announced on Wednesday.

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Assuming no development charge is payable, the indicative price for The Lavender Collection translates to S$1,736 psf (per square foot) on the estimated GFA (gross floor area), or about S$934 psf ppr (per square foot per plot ratio), JLL said.

32 shophouses along Lavender St, Serangoon Rd for sale with S$138m guide price

The shophouses, which have development potential, occupy a combined land area of about 49,244 sq ft, and a GFA of about 79,502 sq ft. Under the Master Plan 2019, the site is zoned "commercial" with a gross plot ratio of 3.0, and is located within the Jalan Besar Secondary Settlement conservation area.

JLL added that there is no additional buyer's stamp duty or seller's stamp duty imposed on the purchase of the portfolio.

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