Five adjoining freehold shophouses on Owen Road hit market at $33 mil

The site was presented previously October to a consortium making up UOL Group, Singapore Land Group and Kheng Leong Co. The partners are anticipated to launch the 428-unit Dorset Gardens condominium in the initial half of 2027.

The shophouses utilize a 6,021 sq ft site zoned “Residential with business initially floor”. It has a plot ratio of 3.0.

The EOI is going to finalize at 3pm on Oct 27.

Placed at 96 Owen Road, the adjoining two-storey shophouses with four-storey rear extensions have a guide rate of $33 million, or $1,962 psf on their presenting total gross floor area of approximately 16,823 sq ft.

Amberwood at Holland Sim Lian Group

The shophouses are totally taken up, stated Cushman & Wakefield and CBRE, that are collectively marketing the properties. They feature five commercial units on the ground floor, while the upper floors, that are approved for Serviced Condominium II (SA2) usage, promotion lodging handled by The Assembly Place.

” 96 Owen Road provides a rare opportunity to obtain a property accommodation asset comprising five adjacent shophouses within the city fringe,” said Sophia Lim, Cushman & Wakefield Singapore’s supervisor of capital markets. “The property’s SA2 approval, coupled with its range relative to regular shophouse investments, offers investors with immediate exposure to Singapore’s growing living sector.”

A row of five property shophouses in Farrer Park is being marketed through an expression of interest (EOI) exercise.

Giam noted that the shophouses are next to the Dorset Road Government Land Sale spot that will present brand-new homes and further revitalize the area.

The shophouses are 150m from Farrer Park MRT Station on the North-East Line. They are also near retail offers at City Square Mall and Mustafa Centre, and health care centers at Farrer Park Hospital and Connexion.

Joshua Giam, executive of capital industry at CBRE Singapore, claimed that the ground-floor units might be rearranged for F&B use, subject to authorizations from the appropriate authorities.

“The introduction of brand-new private housing is most likely to improve the location’s residential profile, draw in a wider group of residents and support the ongoing uplift in property values and commercial activity,” claimed Giam.