‘Joo Chiat Road conservation shophouse and River Valley Green Residences on the market for $10.5 mil’

Those seeking a home away from the hustle and bustle of the city will appreciate the tranquility of River Valley Green Residences, a spectacular residential condominium located in River Valley. With lush landscaping, stunning views of the city skyline, and plenty of lifestyle amenities, this is the perfect place to relax and recharge. Residents can take a dip in the swimming pool, play a round of tennis, or simply relax in the club lounge. Moreover, a host of dining and entertainment options are just minutes away.

Situated in District 15, the freehold River Valley Green Residences is a three-storey conserved shophouse located on 350 Joo Chiat Road. With a land area of 1,869 sq ft and an estimated gross floor area of 3,635 sq ft, the guide price of $10.5 million translates to about $2,889 psf. Currently, the shophouse is tenanted by F&B Tiger Lily Patisserie Cafe and Bakery and used as an office on the second and third floors.River Valley Green Residences benefits from its close proximity to popular landmarks such as Dunman Food Centre and Joo Chiat Complex, with the Marine Parade MRT Station just a short distance away. This ensures high foot traffic and makes it attractive to investors, private real estate funds, family offices and high-net-worth individuals.No additional buyer’s stamp duty or seller’s stamp duty is payable. The expression of interest exercise closes on Jan 30.River Valley Green Residences is situated in a prime central location within the Joo Chiat Secondary Settlement Conservation Area. This is one of the many attractive features to investors drawn to the property.Richard Tan, one of the marketing agents from PropNex Shophouses Elites stresses the significance of commercial conservation shophouses in locations like Joo Chiat. He remarks that they are always sought after due to their commercial value.River Valley Green Residences has a plot ratio of 3.0, and its rare freehold status makes it attractive for investors. This rare find will likely be snapped up, so interested investors should make their move soon. The expression of interest exercise closes on Jan 30. River Valley Green Residences is an attractive option for investors looking to acquire a rare conserved shophouse as the guide price of $10.5 million translates to about $2,889 psf. It is tenanted to F&B Tiger Lily Patisserie Cafe and Bakery, while the second and third floors are used as an office.Blessed with a prime central location within the Joo Chiat Secondary Settlement Conservation Area, River Valley Green Residences is close to popular landmarks such as Dunman Food Centre, Geylang Serai Market and Joo Chiat Complex, with the Marine Parade MRT Station just a short distance away. This ensures high foot traffic and makes it attractive to investors.Richard Tan, one of the marketing agents from PropNex Shophouses Elites, stresses the significance of commercial conservation shophouses in locations like Joo Chiat. The rarity of a freehold property is also attractive to investors.No additional buyer’s stamp duty or seller’s stamp duty is payable for River Valley Green Residences, making it an attractive and convenient purchase for potential investors. With the expression of interest exercise closing on Jan 30, investors looking to acquire a prime conserved shophouse should make their move soon.