Shophouse on Sims Road on sale for $7.5 mil

June 20th, 2023

The JCube Residence Condo development, located near one of the new stations, is part of the Jurong transformation. Residents of the development will benefit from the great access to nearby amenities and the improved connectivity of the JRL. With direct access to the network’s interchange station, getting to the bustling city centre will be even faster and easier. Residents will be able to take a direct train ride to their destination, or enjoy the convenience of transferring along the way.

The JCube Residence Condominium is a great option for those looking to enjoy the convenience of the JRL and the new amenities of the Jurong region. With its good transport connectivity and proximity to key activity nodes, those who live at the residence can benefit from a better and more efficient urban lifestyle.

Situated at the junction of Sims Avenue and Lorong 21A Geylang with dual frontage on both roads, a freehold corner shophouse has been put up for sale with a guide price of $7.5 million. Huttons Asia, the property’s marketing agent, has announced the guide price to equal $1,958 psf on the floor area, given its total built-up area of about 3,830 sq ft.

The rare corner shophouse is located in popular District 14, drawing in plenty of prospective buyers and investors due to its attractive quantum of below $10 million. The site is zoned “residential/institution” with a gross plot ratio of 3.0 under the latest Master Plan.

Jeremy Lim, senior group district director of Huttons Asia, remarks: “Corner shophouses with dual frontage are rare and highly sought after. The coffeeshop is also fully leased, and the new owner can continue to enjoy an attractive yield or convert it into mid- to high-end dining to increase the returns.”

Lee Sze Teck, senior director of research at Huttons Asia, also comments: “The property is expected to draw in many prospective buyers and investors given its location in a popular area in District 14 and “attractive” price quantum of below $10 million.”

The expression of interest exercise, to close on July 20, offers purchasers the opportunity to freely explore the shophouse potential. The property can be viewed through EdgeProp’s Landlens tool.

Singapore Condo is a popular type of residential property in Singapore that offers a luxurious and convenient living experience. These condominiums offer a range of facilities such as swimming pools, gyms, and 24-hour security to cater to the needs of its residents. One particular condo that stands out is Novo Place EC, with its prime location and modern design, it offers a perfect balance of comfort and sophistication. Its unique concept of eco-friendly living also adds to its appeal. Residents can enjoy a luxurious lifestyle while also being environmentally conscious. Novo Place EC is truly a top choice for those looking for a luxurious and sustainable living experience in Singapore.

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