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Kampong Glam conservation shophouses up for sale with $28m price tag

Published on Mar 26, 2014 12:10 PM

A block of three detached conservation shophouses is up for sale in Kampong Glam with an indicative asking price of about $28 million.

The freehold commercial properties, comprising 32, 34 and 34A Sultan Gate, sit on a land plot of about 7,401 sq ft in size. They are flanked by a public car park on one side and a side lane on the other.

There is also an open terrace adjoining the property that is currently leased to a single tenant, said marketing agents Cushman & Wakefield and Historical Land on Wednesday.

Cushman & Wakefield's executive director of capital markets Shaun Poh said conservation commercial shophouses "remain an attractive investment option" despite the current overall property market slowdown.

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