Find out how much each are priced.
Knight Frank announced the launch for sale of a row of 8 strata-titled shop units either collectively enbloc or on individual unit basis at The Interlace, a 99-year leasehold development located at Alexandra Road / Depot Road.
The newly completed development by CapitaLand Singapore Ltd and Hotel Properties Limited (HPL), is strategically located at the heart of Singapore’s Southern Ridges, which stretches between Kent Ridge, Telok Blangah and Mount Faber Park. The development is just minutes drive away from VivoCity, Sentosa, CBD and Orchard Road.
Being one of the largest residential projects, The Interlace has a site area of approximately 869,320 sq ft with a total of 1,040 residential units and 8 strata-titled shop units. The total strata area for the 8 shops is approximately 5,340 sq ft. The size of each shop ranges from 388 sq ft to 1,119 sq ft. The shops have regular layouts and are fronting Depot Road.
“The indicative price for these shop units is in excess of $2,500 per square foot (psf). Over the past two years, we have seen strong demand for strata shops especially in mixed developments from both investors and retailers. As long as there is a good critical mass of residents within the development, these shops would have a captive audience and able to provide essential services such as hair salon, bakery, mini-mart etc to these residents. To date, transactions for strata-titled shops within condominiums ranged from around $2,000 psf to $4,500 psf,” says Ms Mary Sai, Executive Director, Investment (Commercial Sales).
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