Daily Archives: August 1, 2022

Portfolio of six freehold shophouses on Serangoon Road for sale at $63 mil

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Parc Riviera Condo Register Interest

The tender for this portfolio of properties will close on Sept 9.

“We anticipate the portfolio of shophouses to draw in strong interest as it is rare to discover such freehold, industrial properties that take pleasure in fantastic presence, hefty pedestrian traffic, and also close distance to an MRT station,” says Tracy Goh, head of investment and cumulative sales at PropNex.

The shophouses are beside Centrium Square and are contrary City Square Mall. Neighboring developments include going shopping centres such as Mustafa Centre, hotels such as Parkroyal on Kitchener Road as well as Holiday Inn Singapore Little India, along with Farrer Park Hospital.

She includes that these attributes will certainly sustain the rental earnings development and also proceeded resources recognition of these residential properties. “Foreigners, high-net-worth people and family offices will certainly find this property attractive as the added customer’s stamp duty as well as …