Five adjoining freehold shophouses on Owen Road hit market at $33 mil

The site was presented previously October to a consortium consisting of UOL Team, Singapore Land Group and Kheng Leong Co. The partners are expected to launch the 428-unit Dorset Gardens condo in the very first half of 2027.

The shophouses are completely dwelled, stated Cushman & Wakefield and CBRE, which are jointly marketing the properties. They feature five commercial units on the ground floor, whilst the upper levels, that are authorized for Serviced Flat II (SA2) usage, offer accommodation taken care of by The Assembly Place.

Lentor Gardens Residences condominium

Giam mentioned that the shophouses are close to the Dorset Road Government Land Sale site that are going to introduce new homes and more revitalize the neighbourhood.

The shophouses utilize a 6,021 sq ft area zoned “Residential with business initially storey”. It has a plot ratio of 3.0.

Joshua Giam, administrator of capital industry at CBRE Singapore, stated that the ground-floor units could be repositioned for F&B use, subject to authorizations from the relevant authorities.

” 96 Owen Road provides a rare opportunity to acquire a property accommodation asset consisting of five adjacent shophouses within the city fringe,” said Sophia Lim, Cushman & Wakefield Singapore’s supervisor of capital markets. “The property’s SA2 approval, coupled with its range about regular shophouse investments, provides investors with quick exposure to Singapore’s expanding living sector.”

A row of five freehold shophouses in Farrer Park is being marketed with an expression of interest (EOI) exercise.

The EOI is going to finalize at 3pm on Oct 27.

The shophouses are 150m from Farrer Park MRT Station on the North-East Line. They are also around retail services at City Square Mall and Mustafa Centre, and medical care establishments at Farrer Park Hospital and Connexion.

Found at 96 Owen Road, the adjoining two-storey shophouses with four-storey rear extensions have a guide cost of $33 million, or $1,962 psf on their occurring complete gross floor area of around 16,823 sq ft.

“The introduction of new private real estate is likely to enhance the location’s residential profile, draw in a broader group of homeowners and support the continued uplift in property values and business activity,” claimed Giam.