Agent.sg / 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.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.


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.

Read the full article here »


The latest Property News from Singapore


Previous news selection:

Frasers Centrepoint Trust poised for re-rating as it enters next phase of growth


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.

Contribute

If you also want to share an amazing article that you come across and it fits in the real estate/economy topics, just let us know in the e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at [email protected]. Some references would also be highly welcome to send us from among your previous publications.

Advertise

Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at [email protected] and our colleague will get in touch with you.