999 Year Leasehold Serangoon Garden Shophouse Sale 108 Mil
Additional buyer’s stamp duty and GST are not applicable, making this a rare opportunity for investors to own a commercial shophouse with a 999-year leasehold at a prime location in Serangoon Garden. The two-storey property, located at the junction of Maju Avenue and Portchester Avenue in District 19, boasts a generous plot size of 1,897 sq ft and a total built-up area of 3,500 sq ft, including the five-footway and an open terrace. Marketed by PropNex Shophouse Elites, under PropNex Realty, interested buyers can submit their offers for this unique property through an expression of interest (EOI) exercise.
An opportunity to invest in a highly sought-after commercial property has been presented with the sale of a 999-year leasehold shophouse at 28/28A Maju Avenue in Serangoon Garden. This unique property is being marketed by PropNex Shophouse Elites, under PropNex Realty, with an asking price of $10.8 million through an expression of interest (EOI) exercise.
The two-storey shophouse, situated at the junction of Maju Avenue and Portchester Avenue in District 19, sits on a generous plot size of 1,897 sq ft. With a total built-up area of approximately 3,500 sq ft, including the five-footway and an open terrace, this corner property offers ample space for commercial activities.
The day begins with a delightful breakfast on the balcony, followed by a leisurely stroll to the bus stop on Jalan Loyang Besar. Our family’s morning routine is efficiently planned, as one child heads off to Pasir Ris Primary School while the other makes their way to Hai Sing Catholic School. Meanwhile, a parent can easily commute to the city on the East-West Line from Pasir Ris MRT Station, while the other prefers to drive via the TPE to their workplace at Changi Business Park.
As the day progresses, after-school activities such as enrichment classes near Pasir Ris Mall or White Sands can easily be squeezed in before dinner at Downtown East. With a quiet study nook to complete homework and unwind after a long day, our evenings are spent with a short stroll through the beautifully manicured gardens of our coastal estate, Coastal Cabana, before it’s time to turn in for the night. Thanks to the convenient location of our home, everything falls perfectly into place, with short distances and clear routes adding to the ease of our daily routine.
At an asking price of $3,086 psf on the built-up area, this property holds great potential for investors looking to own a prime commercial space. With vacant possession upon sale, interested buyers can capitalize on the opportunity to position their brand in the thriving F&B and retail cluster surrounding the property.
The shophouse enjoys a prominent location at the junction of two main roads and is strategically situated within an established landed estate, ensuring a steady flow of footfall throughout the day. The property is also in close proximity to popular spots such as Chomp Chomp Food Centre, Serangoon Gardens Market, Serangoon Gardens Country Club, and the International French School, making it an ideal location for a variety of commercial ventures.
According to the marketing agent Neo Beng Lee, director at PropNex Realty, the property offers endless possibilities for repositioning the ground floor to accommodate different businesses such as F&B takeaway establishments, bars, cloud kitchens, childcare centers, and medical or veterinary clinics (subject to approvals). The top floor can also be utilized for commercial schools or enrichment centers.
This unique opportunity is further enhanced with no additional buyer’s stamp duty (ABSD) or GST applicable on the sale. With only 69 commercial shophouses in Serangoon Garden, it is expected that this property will attract strong interest from both local and foreign investors.
Interested parties can submit their offers through the EOI exercise until Oct 1. Don’t miss this opportunity to own a rare 999-year leasehold commercial property at the heart of Serangoon Garden.