A two-storey shophouse with an attic located at 209 Jalan Besar is now available for purchase through a private treaty. The property, which has a 999-year leasehold, is being marketed by PropNex Shophouse Elites’ Gracelynn Zhu for “below $20 million”. The shophouse covers a total area of around 5,502 sq ft and is zoned for commercial use. The first floor is approved for restaurant usage, as well as a section of the second floor. With a price tag of $20 million, the property has a per square foot (psf) price of $3,635. The map below shows the location of 209 Jalan Besar (Source: EdgeProp LandLens).
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According to Zhu, the shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles that extend 30m to improve the property’s structural foundations. The AEI is projected to be completed by the end of this year. The property is situated in the Desker Road Conservation Area in District 8, in close proximity to Little India. The Jalan Besar MRT Station on the Downtown Line is within walking distance. RELATED NEWSA shophouse on Geylang Road and a shop unit at Bras Basah Complex are available for purchase at $14 million each. The Chinatown Business Association is looking to revamp Smith Street with both new and traditional lifestyle concepts The shophouse market ended a quiet year in 2024 with 84 transactions that have been officially documented. (Huttons)