25 Purvis Street shophouse on sale via EOI for $19.2m

The indicative price translates to $2,745 per square foot per plot ratio.

The historic 25 Purvis Street shophouse has been offered for sale via an Expression of Interest (EOI) exercise closing on 22 February, Thursday, at 3 p.m.

Colliers, the property’s marketing agent, said the 999-year leasehold property is priced at an indicative $19.2m or $2,745 per square foot per plot ratio.

The shophouse is originally home to the iconic Yet Con Hainanese restaurant for nearly 80 years.

The pre-war shophouse has a site area of 154.7 sq.m. (1,665 sq.ft.) and a built-up area of around 340.4 sq.m. (3,664 sq.ft.).

“The property also offers potential for intensification and modernisation, subject to relevant approvals, including the possibility of a rear extension to increase the leasable area to 649.74 sq.m. (6,993 sq.ft.)," Colliers said.