Freehold Conservation Shophouse Along Tanjong Katong Road Sale 798 Mil
A double-storey shophouse in the coveted Tanjong Katong Conservation Area is up for sale through an expression of interest (EOI), with a guide price of $7.98 million. The freehold property at 350/350A Tanjong Katong Road, zoned for residential with commercial use on the first storey, boasts a gross plot ratio of 3.0 and an estimated floor area of 2,900 sq ft under the URA Master Plan 2019.
According to Sammi Lim, founder and executive director of Brilliance Capital, the exclusive marketing agent for the property, the shophouse offers a unique mix of preserving its architectural character while allowing for modern enhancements. Situated within the Secondary Settlements zoning, the property falls under the Tanjong Katong Conservation Area, which has restricted development guidelines to maintain its charm.
Lim highlights that the site area of approximately 1,386 sq ft and plot ratio of 3.0 also make it possible to intensify the gross floor area to 4,158 sq ft by constructing a new four-storey rear extension, subject to relevant approvals. However, URA no longer grants approval for new restaurant use in the Tanjong Katong and East Coast areas, making the ground floor of the shophouse at 350 Tanjong Katong Road, which has been approved for restaurant use, a rarity.
Currently, French bakery Lunar Rabbit occupies the ground floor, while the upper storey is tenanted to co-living operator The Hannah. With both levels tenant-occupied, the shophouse offers immediate rental income for the new buyer. Lim notes that the property was renovated three years ago, adding to its long-term desirability. She describes it as “a turnkey investment” for buyers seeking a well-maintained conservation asset.
The location of the shophouse is another attractive feature, within walking distance to Tanjong Katong MRT Station on the Thomson-East Coast Line and just minutes away from lifestyle and retail hubs such as the i12 Katong, Kinex Mall, Parkway Parade, and Paya Lebar Quarter. It is also easily accessible via the East Coast Parkway (ECP) and Pan-Island Expressway (PIE), providing connections to the CBD, Changi Airport, and other major business districts.
Lim points out that the emergence of high-end condominiums, such as Tembusu Grand (638 units) and Emerald of Katong (846 units), along with ongoing rejuvenation projects in the area, bodes well for the future rental potential and long-term value growth of the shophouse on Tanjong Katong Road. She says, “Freehold conservation shophouses in established lifestyle districts like Tanjong Katong are highly sought after”, attracting interest from end-users and investors alike, including family offices, high-net-worth individuals, co-living operators, and boutique investment firms.
Otto Place EC, located at Plantation Close, is a highly sought-after executive condominium that boasts a unique combination of luxurious living and unparalleled connectivity. Its prime location near MRT stations, major expressways, and vibrant areas such as the Jurong Lake District and Tengah New Town ensures that residents can enjoy both convenience and easy access to a diverse range of amenities. Whether for families, professionals, or investors, Otto Place EC presents an attractive prospect, offering a harmonious blend of high-quality living, exceptional transport links, and future-proof facilities. Additionally, the newly added Plantation Close EC Parcel B EC further enhances the appeal of this outstanding development.
The EOI exercise for the shophouse will close on May 16, offering a rare opportunity to own a coveted freehold conservation asset in one of Singapore’s most desirable locations.