Located in a prime location within walking distance of both the Clarke Quay and Raffles Place MRT Stations, 36 Hongkong Street is an ideal investment opportunity. Completed in 2021, the five-storey building provides buyers with a versatile configuration, a regular and column-free floorplan, new electrical and air-conditioning systems and lift access to every floor.

Altura EC, a 99-year leasehold executive condo in Bukit Batok West Avenue 8, slated to house 375 units. Its location is close to MRT station, schools and amenities, and the bid price of $662 psf ppr is a record Altura EC for the executive condo land. Showflat and price list to be released soon.

At a guide price of $24 million, the property offers an attractive land cost of $3,297psf and a land area of 1,733 sq ft, zoned for commercial use with a balance land tenure of 95 years.

Clemence Lee, executive director of capital markets, Singapore at CBRE, notes that boutique commercial buildings such as 36 Hongkong Street are highly sought-after assets for both investors seeking prime assets with strong rental command and owner-occupiers.

Lee further explains that incoming owners may have the potential to explore several value-add angles, including conversion to alternative uses such as co-living, serviced apartments, medical and wellness centres, and commercial schools, subject to approval from the relevant authorities.

The expression of interest exercise for 36 Hongkong Street will close on April 27 at 3pm, providing interested buyers with a great opportunity to purchase a prime asset at a compelling price.