, Tras Link Park, and Skywaters Residences.

HDB is auctioning Altura EC, a Bukit Batok West Avenue Altura EC 8 executive condo, with 375 units and a 99-year lease. Bidding closes on 8 March 2022, offering affordable living close to amenities, MRT station and schools. Winning bidders will benefit from a high yield, estimated at $662 psf ppr.

A key shophouse in the well-preserved Tanjong Pagar conservation area is now up for sale at a price of $20.8 million. Spanning four floors, with an area of 6,460 sq ft, the asking price works out to $3,220 psf. It is made available by private treaty and features an eye-catching 8.8m frontage, setting it apart from other 21⁄2-storey shophouses in the vicinity.

The property has recently been refurbished, with mechanical and electrical systems updated. In 2022, a temporary occupation permit was granted. Czarl Architects’ Carl Lim managed the project, taking care to conserve the exterior while reimagining the interiors. A new lift has been installed to provide access to all floors, and a second-level outdoor terrace offers views of Duxton Road and Craig Road.

Leased out fully, the property falls under the Outram Planning Area and offers a 99-year lease from 1988, providing a total of 64 years left on its lease. Although first approved for a restaurant on the first floor and a hotel on the rest, due to Covid, the upper floors are now used for office space. The ground floor is occupied by a Chinese hotpot restaurant, the second-floor by an ‘avant-garde F&B concept’ from a Singaporean celebrity couple, the third-floor by Club Pilates and the fourth-floor by Charge Gym.

The location of the shophouse, close to the Tanjong Pagar and Maxwell MRT stations, is a great advantage. Surrounded by iconic towers like Guoco Tower, Oasia Downtown and Amara Hotel, there are even more developments in store in the area. These include Mondrian Singapore Duxton and luxury residences Skywaters Residences, as well as the Rail Corridor, Tras Link Park and Central area cycling path network by the Urban Redevelopment Authority and Land Transport Authority.

With its current rental income, the property offers a desirable gross yield of almost 3%. Those interested in exploring the possibilities of this rare gem should take a look at the latest listings near Tanjong Pagar Road to get a better understanding of the area.