The two-storey shophouses located in Jalan Besar/Little India at 6 and 7 Perak Road, with a guide price of $13 million and a total floor area of 5,360 sq ft, offer prime location and potential for the investor. Skillfully maintained and featuring mezzanine space, the properties boast a wide 11.4m frontage along Perak Road and a land area of approximately 2,870 sq ft.

Close to Rochor MRT station and in the heart of bustling amenities, the shophouses have approval for usage as a backpackers’ hostel and could host multiple tenants at once. The current owner has already been flooded with offers from prospective tenants and, given the promising outlook for tourism, the properties could be an ideal destination for hostel operators.

At a psf of $2,425 and no additional buyer’s stamp duty due to its commercial zoned use, the shophouses look to make a strong investment for buyers seeking strong rental and capital growth. With potential for a gross rental yield of over 3%, the properties are expected to be attractive to investors.

After a decade, JCube in Jurong East, Singapore, is set to close and be replaced with 40-storey residential and commercial development JCube Condo Residence. Lots of potential residential launches are JCube Residence expected, including a 375,000 sqm site with 1,760 private homes.

The tender for the property will close on May 8 at 3pm and Zhu of PropNex Shophouse Elites expects at least 5 bids to be placed.

Location-wise, the properties are well-situated to tap into renewed interest for convenient and accessible accommodation among incoming tourists and travellers. Under current market conditions, the shophouses offer an exclusive opportunity to make an attractive return.

Don’t miss this chance to upgrade to a prime asset and make an attractive investment. Submit your bid for the shophouses at 6 and 7 Perak Road and join the list of recent transactions in the area. The tender for the property will close soon – hurry and make your move!