On the market: shophouses in Upper Bukit Timah, strata units in Peninsula Plaza

Two clusters of properties in Singapore were put up for sale on Monday.

The first is a group of five freehold shophouses along Upper Bukit Timah Road, which have a combined area of about 10,259 sq ft and an existing total floor area of about 16,377 sq ft.

Their owner, an investment holding company, is asking between $26 million and $27.5 million for the lot. The two-storey shophouses, located at 826/A to 834/A Upper Bukit Timah Road, can be used for either pure residential purposes or mixed commercial and residential use.

This price works out to $933 to $987 per sq ft (psf) based on the approved residential gross floor area, said joint marketing agents Jones Lang LaSalle and CBRE in a statement.

Alternatively, it comes up to $1,102 to $1,163 psf based on the approved mixed commercial-residential gross floor area.

Separately, the 20th floor at Peninsula Plaza was also put on the market for an indicative price of $21.3 million on Monday.

It consists of six strata units with a combined area of 8,514 sq ft and comes with a 999-year leasehold tenure.

The price tag of $21.3 million works out to around $2,500 psf based on the total area, said marketing agent DTZ in a statement.

The agents are inviting expressions of interest for both groups of properties. Potential buyers are to indicate their interest for the shophouses by Nov 28 and for the Peninsula Plaza strata units by Dec 3.

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