A pair of two-storey shophouses located at 86 and 88 Serangoon Garden Way has been launched for sale at a guide price of $17 million (Photo: Savills Singapore)SINGAPORE (EDGEPROP) - A pair of two-storey shophouses located at 86 and 88 Serangoon Garden Way has been launched for sale at a guide price of $17 million ($3,617 psf on the floor area). They are located on a 999-year freehold tenure site measuring 3,101 sq ft. The shophouses have a total floor area of approximately 4,700 sq ft, including
A pair of two-storey shophouses located at 86 and 88 Serangoon Garden Way has been launched for sale at a guide price of $17 million has been launched for sale at a guide price of $17 million . They are located on a 999-year freehold tenure site measuring 3,101 sq ft. The shophouses have a total floor area of approximately 4,700 sq ft, including 231 sq ft of open yard space.
The site has been zoned for “commercial” use with a plot ratio of 1.4 under its 2019 Master Plan. Given its commercial zoning, foreigners and companies can purchase the shophouses without additional buyer’s stamp duty or seller’s stamp duty.The shophouses will be sold with vacant possession.
“Following the sale of 72 Serangoon Garden Way, an individual two-storey shophouse sold in April 2022 for $9.4 million, and 67 Serangoon Garden Way, an individual two-storey shophouse in June 2021 sold for $12.11 million, 86 and 88 Serangoon Garden Way is arguably the only pair of shophouses within the bustling Serangoon Garden Way that is on sale.
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