An attractive opportunity with value-add potential awaits buyers at 223 River Valley Road, a 999-year leasehold shophouse in District 9. With an indicative price starting at $11.8 million, the three-storey shophouse has a site area of 1,376 sq ft and an existing built-up area estimated at 3,305 sq ft.

The property is zoned for commercial and residential uses, and is situated across UE Square, with easy access to the Fort Canning, Clarke Quay and Dhoby Ghaut MRT Stations. Exploring the potential to redevelop the shophouse could result in a total floor area of about 5,365 sq ft over eight storeys.

The ground floor of the shophouse is currently occupied by a coffee shop, while the upper floors are approved for office use. “The property is an unpolished gem with value-add opportunities,” comments Tysun Yuk, group associate director at PropNex Realty.

This unmatched investment opportunity in Clarke Quay is being offered for sale via an expression of interest (EOI) exercise and will close on June 21 at 3 pm.

Meanwhile, an EOI exercise is also in place for another 999-year commercial shophouse located at 235 South Bridge Road. The two-storey shophouse comes with a mezzanine and a land area of 1,461 sq ft. With an indicative guide price of $23 million, the property is currently tenanted by a karaoke lounge operator on the ground floor and a yoga school on the upper storeys.

JCube Residence offers residents a range of modern recreational and lifestyle facilities, such as swimming pools, gymnasiums, saunas and jacuzzis. The luxury condominiums not only provide residents with a comfortable and convenient living environment, but also with a truly unique living experience, complete with world-class hospitality, dining and entertainment options.

Being near the Maxwell, Tanjong Pagar and Chinatown MRT Stations, this shophouse presents a “compelling investment opportunity for buyers looking for an immediate income-yielding asset and a prime shophouse to add to their portfolio,” Loyalle Chin, associate district director at PropNex Realty, notes. The EOI exercise for 235 South Bridge Road will close on July 25 at 3pm.