National Aerated Water Building is on the market for $18.9m

Foreigners are eligible to purchase the building.

The National Aerated Water Building was relaunched for sale with an indicative guide price of $18.9m via an expression of interest exercise which will end on 11 May at 3 pm.

CBRE, the property's appointed marking agent, said foreigners are eligible to purchase the building since it’s a commercial property. Foreigners will likewise not be subject to Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

Gazetted for conservation in 2017 by the Urban Redevelopment Authority, the conserved freehold two-storey commercial building located at 1177 Serangoon Road has three strata-titled units with a total strata area of approximately 6,555 sq ft.

Its ground-floor retail unit also comes with permanent “Restaurant” approval, while its second-floor unit has been fully tenanted to a student care operator.

The property was first launched for sale in August 2021 but none of the bids was up to the expectations of the building’s owner, according to CBRE.

Follow the link for more news on

CBRE

property for sale

Also Read

Singapore, APAC commercial real estate investments up in Q1

Anti-money laundering bust affects shophouse sales

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