Ten strata shops in Cuppage Plaza on sale for $12m

The guide price will translate to $2,347 per square foot.

PropNex Realty announced that ten adjoining shops at Cuppage Plaza are put up for sale.

The property in District 9 near the Somerset MRT Station and several retail malls has a 99-year leasehold tenure, and it is known for its selection of Japanese restaurants and KTV lounges.

The ten shops will be sold via tender for $12m. The guide price will translate to $2,347 per square foot based on the property’s combined strata area of 5,112 square feet.

As the portfolio of these shops is for commercial use, they are not subjected to the additional buyer’s stamp duty (ABSD) nor the seller’s stamp duty (SSD). Foreign buyers are also eligible to purchase the property.

According to Tracy Goh, PropNex’s Head of Investment and Collective Sales, considering the spot space is suitable for nightclub use, they expect a high gross rental yield of more than 4% from the shops and the continued keen tenacity interest to appeal to potential investors.

The tender will close at 2pm on 3 May 2023.

Follow the link for more news on

PropNex

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit