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Amoy Street shophouses up for sale

cheeyuen.tan@bizedge.com
Updated

Adjoining shophouses at 77, 78, 79 and 80 Amoy Street have been put up for sale by public tender. According to CBRE, the properties have a guide price of $64.3 million, or $2,700 psf, based on the gross floor area. This is the second time CBRE has put the properties up for sale. The first time was in March 2015 and the guide price then was $66.8 million ($2,805 psf on gross floor area).

The three-storey shophouses with attic have a combined land area of 8,182 sq ft and a total gross floor area of 23,814 sq ft. The 999-year leasehold site is zoned for commercial use in the Chinatown (Telok Ayer) conservation area under the 2014 Master Plan. According to CBRE, the properties will be sold with tenancy.

The public tender closes on Oct 26.

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Adjoining shophouses at 77, 78, 79 and 80 Amoy Street

Source: CBRE

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