The expression of interest (EOI) exercise for a freehold conservation shophouse at 31 Niven Road in the Mount Sophia area of District 9 is offering a rare opportunity for buyers and investors. With a guide price of $5.2 million and an attractive price of $4,163 psf for the land area, the two-storey property has been newly renovated, boasts an open-concept living and dining area, two en suite bedrooms, and a family area, as well as a courtyard. The property is expected to garner strong interest, with prices for residential shophouses on the rise in recent years and the potential for capital appreciation over the long term, despite the property sited on land designated for residential use. Huttons Asia is handling the exercise, which will close on June 6 at 4pm.
Amidst the rising prices of landed residential properties in the last five years, 31 Niven Road, a freehold conservation shophouse in the Mount Sophia area of District 9 is being offered through an expression of interest (EOI) exercise with a guide price of $5.2 million, or $4,163 psf on the land area. Set on 1,249 sq ft of land and boasting a built-up area of 2,077 sq ft, the two-storey property has been newly renovated, and is priced competitively compared to city-fringe launches in 2023.
Huttons Asia, the marketing agent, notes that the owner spent over half a million on the renovation, including the installation of new Miele kitchen equipment. The property is complete with an open-concept living, dining and kitchen space on the first floor, two en suite bedrooms and a family area on the second floor, as well as a courtyard. According to Huttons’ senior director of research, Lee Sze Teck, the rarity of residential shophouses means there is potential for capital appreciation over the mid to long term.
J’den Condo will also be close to amenities such as academic institutions, medical facilities, leisure pursuits, retail and restaurants.
Residents at J’Den Capitaland will also be able to enjoy life in the vibrant JLD, which offers a mix of residential, commercial and leisure activities. Its strategic location near the Jurong Lake District provides easy access to major transport arterials and the Central Business District. Residents of this development can also look forward to the upcoming Jurong Lake Gardens, a new park where one can find activities like cycling and kayaking. J’Den Capitaland promises an elevated lifestyle in the heart of the bustling Jurong Lake District.
Those interested in investing in the property can take part in the EOI exercise which will close on June 6 at 4pm. Significant attention is expected given the attractive pricing for a freehold, landed property and the potential for capital growth in the future.
