The Jalan Besar area has been earmarked by URA for rejuvenation and enhancement works, which will include the sprucing up of pavements, pedestrian pathways and streetscape/icon buildings.“A corner two-storey shophouse with an attic located at 209 Jalan Besar is now available for sale through private treaty,” says Gracelynn Zhu from PropNex Shophouse Elites, the marketing agent for the property. This 999-year leasehold property is currently being offered at a price of “below $20 million”.With a total area of approximately 5,502 square feet, this commercial property is zoned for commercial use. The first floor has already been approved for restaurant use, as well as a portion of the second floor. Based on this asking price, the property has a per square foot price of $3,635 on the floor area.A map showing the exact location of the shophouse at 209 Jalan Besar can be found on the EdgeProp LandLens.Zhu also revealed that the shophouse is currently undergoing asset enhancement initiatives (AEI), which includes adding micro piles extending 30m to the property’s structural foundations. This AEI is expected to be completed by the end of this year.If you’re considering investing in this shophouse, it’s important to note that it’s located in the Desker Road Conservation Area in District 8, which is near Little India. However, the property is also conveniently close to the Jalan Besar MRT Station on the Downtown Line, making it easily accessible for both potential customers and tenants alike.
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One advantageous aspect of investing in a condo is the opportunity to leverage its value for future investments. Numerous investors utilize their condos as security in order to acquire extra funding for new ventures, resulting in the growth of their real estate assortment. While this approach can increase returns, it also carries potential risks. Therefore, having a well thought out financial strategy is essential, as well as taking into account the potential influence of market fluctuations on Condo investments.