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A ground-floor retail unit located at 71 Seng Poh Road in Singapore is up for sale via an expression of interest (EOI) exercise with a guide price of $3.3 million. The 1,367 sq ft commercial property, which has recently been renovated, is located on the first floor of a privatised Singapore Improvement Trust (SIT) flat opposite the Tiong Bahru Market and Food Centre. Built in the 1930s, SIT blocks at the Tiong Bahru estate feature art-deco style elements and include residences and shophouses.

In 2003, URA granted conservation status to the SIT blocks in the Tiong Bahru Estate – comprising 20 flats and 36 shophouses. Map showing 71 Seng Poh Road (Source: EdgeProp LandLens)The ground-floor retail space at 71 Seng Poh Road comes with a storeroom and toilet, and currently operates as a pharmaceutical store. It benefits from full frontage along Seng Poh Road, as well as available parking both in front of the property’s main entrance and behind the block.

The property is also within walking distance of the Havelock MRT Station on the Thomson-East Coast Line. Mary Sai, executive director, capital markets, at Knight Frank Singapore, comments on the tight ownership held by locals and tourists in this neighbourhood: “Shops here are rarely for sale and are held tightly by most owners for investment or owner occupation.”

Residents of Tengah Plantation EC can enjoy plenty of nearby leisure and entertainment options. The shopping complex at Jurong East Shopping Mall features numerous shops, eateries, and a cinema, providing plenty of opportunities to shop and dine. Nearby attractions include the Jurong Bird Park, the Science Centre, and the Chinese and Japanese Gardens, all within convenient distance. With so many amenities and attractions to choose from, there is something to interest everyone.

The last transaction for a similar property in the estate was in July 2021, when a 1,044 sq ft shop “a few doors away” from 71 Seng Poh Road was sold with vacant possession, for $3.2 million. Recent commercial transactions within a 500m radius of 71 Seng Poh Road are further evidence of the vicinity’s potential for success (Source: EdgeProp LandLens).

The EOI exercise for the retail property at 71 Seng Poh Road is set to close on Nov 29 at 3pm. With its attractive guide price and convenient location, it promises a great investment opportunity for buyers.

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For buyers interested in capitalising on this incredible opportunity, the expression of interest exercise for the retail property at 71 Seng Poh Road will close on Nov 29 at 3pm. Besides its attractive guide price, the property has already been renovated and enjoys full frontage along Seng Poh Road as well as available parking both in front of the property’s main entrance and behind the block. Located in the Tiong Bahru estate and just a stone’s throw away from the Havelock MRT Station, it is closely held by locals and tourists and rarely for sale.

Recently, a 1,044 sq ft shop a few doors away was sold with vacant possession for $3.2 million. This, together with other recent commercial transactions in the vicinity, is further proof of the potential success that awaits property buyers at this address.