Freehold 5-storey shophouse along Hongkong Street on sale for $47.5m

There will be no ABSD or SSD imposed on the property transaction.

A five-storey freehold shophouse along Hong Kong Street is on sale for $47.5m.

The property, 17 Hong Kong Street, has a total floor area of approximately 7,950 sq ft. under the URA Master Plan 2019 and is zoned for “Commercial” use with a Gross Plot Ratio of 4.2.

CBRE, the property’s marketing agent, said there will be no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) imposed on the transaction.

CBRE will hold the sale through an Expression of Interest (EOI) exercise, which closes on Wednesday, 11 October, at 3 p.m.

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