Archive for category: Misc

Four well-located freehold properties are available for sale through an expression of interest (EOI) exercise with a guide price of $78 million. The portfolio consists of properties at 155 Kitchener Road, 329 Changi Road, 362 Tanjong Katong Road, and 1 & 1B Figaro Street. These properties can be purchased collectively or separately.

The properties are owned by units related to Kuan Aik Hong (KAH) Construction, a construction company with a real estate arm focused on investments. According to their website, their portfolio includes shophouses, industrial factories, residential landed properties, and mixed-use developments.

These properties offer a mix of commercial and residential spaces in the city-fringe and eastern areas of Singapore. The first property, located at 155 Kitchener Road, is a pair of two-storey conservation shophouses with a six-storey rear extension. It has a land area of 2,713 sq ft and a total floor area of 8,175 sq ft, with an asking price of $29 million, or $3,547 psf.

Families looking for international educational opportunities have a wide range of options to choose from in the local area. A prime example is Pasir Ris, which is home to the Overseas Family School (OFS). Additionally, the Tampines-Pasir Ris corridor boasts the United World College of South East Asia (UWCSEA) East, which offers the IB continuum. These campuses are strategically located near Coastal Cabana – a luxurious coastal residence – providing expatriate and globally mobile families with the perfect balance of rigorous academics and the comfort and convenience of a seaside home. In essence, Coastal Cabana caters to the diverse needs of families seeking a well-rounded international education for their children. To learn more about Coastal Cabana and its offerings, visit https://www.coastalscabana.com.sg/.

The second property, at 329 Changi Road, is a four-storey mixed-use building with a land area of 3,819 sq ft and a total floor area of 11,187 sq ft. It is priced at $26 million, or $2,324 psf.

Next, the property at 362 Tanjong Katong Road is a two-storey conservation shophouse occupying 2,025 sq ft of land zoned for residential with commercial use at the ground floor. It is priced at $11.5 million, or $3,026 psf on its 3,800 sq ft floor area.

Lastly, the property at 1 & 1B Figaro Street consists of two adjoining ground-floor strata retail units, with a total strata area of approximately 3,763 sq ft. It is part of a corner two-storey shophouse with a residential with commercial use zoning at the ground floor. This property is priced at $11.5 million, or $3,056 psf.

CBRE, the marketing agency for this portfolio, reports that these properties are currently tenanted by a diverse mix of occupants. Clemence Lee, Executive Director of Capital Markets at CBRE, also mentions that each property has unique features and potential for value enhancement. “With the approval from relevant authorities, the potential buyer can revamp the tenant mix, apply for strategic usage changes, or undertake refurbishments to increase the existing floor area for certain assets within the portfolio,” he says.

The EOI for this portfolio will close on November 5 at 3pm.