42, 44 & 46 Smith Street Freehold Conservation Shophouses Sale

Chinatown Smith Street 3 Freehold Conservation Shophouses for Sale

3 Attractive Freehold Properties @ 42, 44 and 46 Smith Street is Up for Grab

Shophouse sale fervour continues in Singapore. Three adjacent shophouses along Chinatown’ Smith Street have been put up for sale.

The marketing agent for the sale announced the public tender for these conservation shophouses for $33.25 million.

42, 44 and 46 Smith Street are freehold properties and the corner plot has 2,784 square feet in total and 9,500 square feet of gross floor area.

Going by the asking price, the rate translates to $3,500 psf for the built-up area of the three shophouses.

As per Urban Redevelopment Authority’s Master Plan, the properties have been zoned commercial.

There is a restaurant in the first and second levels while the third floor is occupied by a backpacker’s hostel. A traditional Chinese medicine clinic operates in the attic.

Chinatown Vibrant Commercial Hub in Singapore
The Freehold Conservation Shophouses are Located Within Chinatown, One of the Vibrant Commercial Hubs in Singapore.

Prime Location, High Visibility and High Footfall

Due to their prominent location right opposite to the Chinatown Complex and visibility on the Smith Street, these shophouses enjoy great amount of footfall.

What adds to the crowd of shoppers to this place is the pedestrian mall staring on Smith Street and Sago Street and going all the way to Pagoda Street.

There is a constant crowd of shoppers and the shophouses have immensely enjoyed it.

Highlighting the prospects of these shophouse sale, the marketing agent said that the prices for shophouse sale in District 1 has been encouraging in the recent months and this establishes the fact that they continue to remain on the top of the list for the buyers.

75 and 77 Amoy Street, two shophouses in the area that changed hands recently were sold for $3,900 psf and $3,500 psf and in another sale 64 Club Street transacted at the rate of $3,880 psf.

According to agent the reception to these properties has been good prior to launch of the tender and they have seen interest from multiple quarters.

The tender closing date for these freehold properties is September 25.

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42, 44 & 46 Smith Street Shophouses Location

Smith Street Shophouses Details

Address: 42, 44 and 46 Smith Street

Tenure: Freehold

District: 1

Shophouse Type: Conservation

Nearest MRT: Chinatown

Land Size: 2,784 Sq ft (Combine)

Gross floor area: 9,500 Sq ft

Asking Price: $33.25 Million

In Psf: $3,500

Status: For Sale
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