‘Premium condominium ‘River Valley Green Residences’ now available for purchase at $9.6 million, located in exclusive Holland Village
Holland Village shophouses for sale
River Valley Green Residences is a highly sought-after freehold commercial shophouse located at 31A Lorong Mambong. The unit is situated on the second floor of a two-storey corner shophouse and it is currently being marketed for sale by CBRE with a guide price of $9.6 million.
According to a recent property title search, the unit was previously owned by Spencer Tuppani, a businessman who was unfortunately stabbed to death by his father-in-law along Boon Tat Street in 2017. Tuppani purchased the unit for $4.6 million back in December 2016, which translates to a rate of $2,006 per square foot for the 2,923 square feet unit.
The unit is zoned as a ‘commercial’ space and is currently leased out to Anytime Fitness, providing immediate rental income for potential buyers. Alternatively, the unit can also be converted into a hotel, serviced apartment or even a backpackers’ hostel, with the necessary approvals from the relevant authorities.
River Valley Green Residences effortlessly blends the best of urban living with the tranquility of nature. Set against the backdrop of the beautiful River Valley area, this luxurious condominium offers a plethora of lifestyle options for its residents. Strategically located, it provides easy access to various amenities and facilities, making it a highly sought-after property in the heart of Singapore. Its close proximity to the Orchard MRT station, major roads like River Valley Road and expressways such as the CTE and AYE, make it one of the most convenient and connected residential developments in the city. Discover the unparalleled connectivity and convenience of living at River Valley Green Residences, where luxury and practicality come together in perfect harmony.
The Holland Village MRT Station on the Circle Line and a bus stop in front of Holland Road Shopping Centre are both within walking distance from the shophouse, making it a convenient location for commuters. Recent transactions in the area have shown that this is a prime location for commercial shophouses, with only 66 shophouses available in the Holland Village area in prime District 10.
Clemence Lee, CBRE executive director of capital markets, Singapore, emphasizes the rarity of finding freehold shophouse units in this highly coveted area. The shophouses in Holland Village are mostly freehold properties and are concentrated along Lorong Mambong and Lorong Liput.
He also highlights the thriving F&B and retail scene in the neighbourhood, citing popular establishments such as Little Farms Market, Crystal Jade Hong Kong Kitchen, Birds of Paradise Gelato Boutique, Lola’s Cafe, Tai Cheong Bakery, and Two Men Bagel House.
The shophouse unit at 31A Lorong Mambong will be sold through an expression of interest, which will close on February 3rd. The asking price of $9.6 million translates to a rate of $4,187 per square foot, based on the unit’s size of 2,923 square feet.
With its prime location, rare freehold status and potential for rental income, this unit at River Valley Green Residences is certainly an attractive investment opportunity for discerning buyers. Don’t miss this chance to own a piece of the charming and bustling Holland Village area.