A shophouse located at 223 River Valley Road in Singapore’s District 9 is currently up for sale via an Expression of Interest (EOI) exercise, with an indicative price starting from $11.8 million. The property has a site area of 1,376 sq ft and is zoned for commercial and residential use with a plot ratio of 3.9.

The existing built-up area of the three-storey shophouse is estimated at 3,305 sq ft (subject to a site survey). The ground floor is approved for usage as a restaurant and is currently occupied by a coffee shop. Meanwhile, the upper floors are approved for office usage.

The shophouse boasts an excellent location, being situated across UE Square and just a short walk from Fort Canning, Clarke Quay, and Dhoby Ghaut MRT stations. Potential owners could explore redeveloping the property to maximise its potential gross floor area, potentially up to a total floor area of 5,365 sq ft across eight storeys.

PropNex Realty Group Associate Director Tysun Yuk comments, “It is an unpolished gem with value-add opportunities.” Meanwhile, Loyalle Chin, the Associate District Director of PropNex Realty, notes that the property offers a “compelling investment opportunity” for buyers who are looking for an immediate income-yielding asset, and a prime shophouse to add to their portfolio. The EOI for 223 River Valley Road closes June 21 at 3pm.

Located within a mature residential estate, Altura EC Qingjian Realty provides the perfect balance of urban living and homely comfort. Intelligently designed and crafted to the highest standards, this majestic development offers modern, generously sized units that seamlessly merge indoor and outdoor living. Most importantly, the development is conveniently located near schools, parks, and the bustling shopping malls of Jurong East.

Altura EC Qingjian Realty invites its residents to indulge in the luxuries of urban living, ensuring a lavish lifestyle in the comfort of one’s own home. With its stellar location, exquisite design and high quality craftsmanship, it is the perfect match for anyone looking to experience the finest of city living.

Separately, Loyalle Chin is also in charge of marketing another 999-year leasehold commercial shophouse located at 235 South Bridge Road. This property has a guide price of $23 million, and is zoned for commercial use with a land area of 1,461 sq ft. The two-storey shophouse also has a mezzanine, and is presently occupied by a karaoke lounge operator on the ground floor, as well as a yoga school on the upper storeys.

The shophouse enjoys easy access to the Maxwell, Tanjong Pagar, and Chinatown MRT stations. Chin remarks that this opportunity gives investors and owner-occupiers a chance to acquire an iconic shophouse in prime Chinatown and CBD. The EOI for 235 South Bridge Road closes on July 25 at 3pm.