Four freehold property portfolio launched for sale at $78m

All four properties are currently tenanted and benefit from features including corner frontages.

A portfolio of four freehold properties in Singapore has been launched for sale via an Expression of Interest (EOI) exercise closing on 5 November, CBRE announced.

The assets—located at 155 Kitchener Road, 329 Changi Road, 362 Tanjong Katong Road, and 1 & 1B Figaro Street—are situated in city-fringe and suburban areas such as Kallang, Marine Parade, and Bedok.

All four properties are currently tenanted and benefit from features including corner frontages, main-road visibility, and in some cases, permanent restaurant-use approvals.

They are zoned for commercial or mixed-use under the Master Plan, with Gross Plot Ratios (GPR) of 3.0, allowing potential flexibility for repositioning or enhancement.

The indicative guide price for the entire portfolio is $78m, with assets available for purchase either collectively or individually. Price points range from $11.5m to $29m, depending on the property.

155 Kitchener Road comprises two 2-storey conservation shophouses with a 6-storey rear extension, zoned Commercial. The site spans 2,713 square feet with a total floor area (TFA) of 8,175 square feet, and a guide price of $29.0 million (approx. $3,547 psf).

329 Changi Road is a 4-storey mixed-use building zoned Residential with Commercial at the 1st storey. It sits on 3,819 square feet of land with a TFA of 11,187 square feet, guided at $26.0 million (approx. $2,324 psf).

362 Tanjong Katong Road is a 2-storey conservation shophouse with similar mixed-use zoning. It occupies a land area of 2,025 square feet and offers 3,800 square feet of total floor space, with an asking price of $11.5m (approx. $3,026 psf).

1 & 1B Figaro Street consists of two adjoining strata retail units on the ground floor. With a combined strata area of 3,763 square feet, they are being marketed at $11.5m (approx. $3,056 psf).

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