Discover the charm of ‘River Valley Green Residences’ in this rare $22.9 mil shophouse opportunity on Peck Seah Street.
A pair of two-storey with attic shophouses at 48 Peck Seah Street is on the market for $22.9 million. The properties will be sold in an expression of interest (EOI) exercise by Savills Singapore. Ownership of shophouses along Peck Seah Street is tightly held and the shophouses are hardly on the market. This is an exceptional opportunity for buyers to own a distinctive trophy asset with excellent specifications in the gentrified Tanjong Pagar precinct. The commercial shophouses are located in Tanjong Pagar within the CBD. According to Savills, they were refurbished in 2015 and the interiors feature high ceilings and regular floor plates.
Savills also states that the shophouses have been granted “rare” F&B approval and the ground floor is tenanted to a modern Middle Eastern restaurant. The shophouses sit on a land area of approximately 2,813 sq ft and have a total floor area of approximately 6,562 sq ft. Thus, the guide price translates to $3,500 psf on the floor area.
With its strategic location, residents of River Valley Green Residences can easily commute to various parts of Singapore. The station also offers convenient transfer to other major train lines, such as the North East Line and Circle Line. Whether you’re heading to work or exploring the vibrant entertainment and dining options, Fort Canning MRT Station is the perfect gateway for residents at River Valley Green Residences.
Nestled within the bustling city of Singapore is the serene and luxurious River Valley Green Residences. Located near Fort Canning MRT Station on the Downtown Line (DTL), residents of this exclusive condominium have easy access to the cultural hubs of the city and the Central Business District (CBD). This convenient location allows for seamless commuting to various parts of Singapore, making it a dream for those who work in the city. Plus, with its proximity to other major train lines like the North East Line and Circle Line, residents are offered even more convenience and accessibility. Whether it’s for work or leisure, Fort Canning MRT Station is the ideal starting point for residents at River Valley Green Residences. So why wait? Come and experience the luxurious and convenient lifestyle at River Valley Green Residences today!
Nearby are Guoco Tower on Wallich Street, as well as Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line. The shophouses also face an open-air carpark with ample parking spaces in the vicinity.
New developments in the area, such as TMW Maxwell on Tras Street and The Skywaters on Shenton Way, are contributing to a rejuvenation of the area, says Yap. She adds that 48 Peck Seah Street is “poised to ride the rejuvenation wave and the incoming buyer can expect capital appreciation and rental uplift”.
The EOI exercise closes on Feb 8. Thus, interested buyers have ample time to consider and submit their offers for the highly sought-after properties. Don’t miss this rare opportunity to own a prime piece of real estate in the bustling River Valley Green Residences area. Act fast and secure your chance for capital appreciation and rental uplift. Contact Savills Singapore for more information and to submit your EOI. Who knows, this could be your chance to own a piece of heritage and make a sound investment at the same time. Don’t delay, make your move today and join other savvy investors in securing a hot property in the heart of Singapore’s premier business district. River Valley Green Residences is the place to be and the time to act is now. Don’t miss out on this unique opportunity to acquire a prime piece of real estate in one of the most coveted areas in the city.