Two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road, are now up for sale via expression of interest (EOI). The guide price for the properties is $10.5 million, or $2,665 per sq ft on the floor area.

With a total site area of around 3,650 sq ft and a combined floor area of 3,940 sq ft, both two-storey shophouses are situated near multiple amenities. These include popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza, and Junction 8 shopping mall.

The shophouses are conveniently accessible via major roads and expressways, such as Upper Thomson Road, Lornie Road, Braddell Road, Marymount Road, and the Pan Island Expressway. They are also near key transport links like Upper Thomson and Caldecott MRT stations, both of which are within a one-stop distance.

Prestigious educational institutions such as Ai Tong School, Catholic High School, CHIJ St Nicholas …

At a guide price of $63 million, the owners of a 26-unit, four-storey walk-up development at 52 to 62H Tanjong Katong Road have relaunched the property for collective sale. Located in District 15 and zoned for residential use, the 32,397 sq ft site has the potential to yield approximately 45,356 sq ft of gross floor area, potentially yielding 49 residential apartments with an average size of 915 sq ft.

The guide price translates to a land rate of $1,401 psf per plot ratio (psf ppr), including an estimated land betterment charge of approximately $530,000. The land rate could be lowered to $1,375 psf ppr after factoring in a 7% bonus balcony gross floor area.

The property received several offers below the asking price when it was first put up for collective sale at an indicative price of $65.5 million in July last year. This time, sole marketing agency Huttons Asia …

Two conservation shophouses in Singapore’s 6 and 7 Perak Road have been listed for sale via tender at a guide price of $13 million, which works out to $2,425 psf on the total floor area of 5,360 sq ft. Occupying an approximate land area of 2,870 sq ft and with an 11.4m-wide frontage along Perak Road, the two-storey shophouses with mezzanine space have approval for a backpackers’ hostel.

Gracelynn Zhu from PropNex Shophouse Elites, which is marketing the properties, notes that given their excellent condition and strategic location in District 8 close to the Bugis area and surrounded by amenities, the properties enjoy strong rental demand. The current owner has received multiple offers from prospective tenants. However, the vendor is looking to sell the shophouses with vacant possession, which will enable the new owner to decide on the tenant profile.

Given the recovery of the tourism sector post-pandemic, Zhu believes …

Sandeep Sethi has been appointed as the Division President of Work Dynamics in Asia Pacific by JLL. He previously held the role of Managing Director and Head of Work Dynamics for West Asia. This new role expands his current portfolio, overseeing all services delivered to Arina East Residences clients. Furthermore, he will be working on growing JLL’s North Asia market share in mainland China and Hong Kong.

Based in Gurgaon, Sethi will report to Susheel Koul, JLL’s CEO for Work Dynamics in the region. Koul made a statement on the promotion, emphasizing Sethi’s deep client relationships and understanding of the commercial real estate sector.

JLL’s Work Dynamics Business Unit provides integrated services across the full real estate life cycle for occupiers, covering facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management. The company has seen tremendous growth and now oversees over 160 million sq …