Neil Road Shophouse goes on sale for $16.2m

JLL will serve as the exclusive marketing agent of the property.

Neil Road shophouse has gone on sale for $16.2m, as announced by JLL. 

Making up the property along Neil Road is a three-storey conservation shophouse with an attic situated in District 2. 

A land area of 1,883 square feet (sf), as well as an existing built-up area of around 6000 sf make up the property. With the site being zoned for commercial use, the location is fully-tenanted. Occupying the first and second storey are a modern izakaya restaurant and bar, whilst an office tenant takes up the third storey and attic. 

Close to the property are the junctions of Kreta Ayer Road and Teck Lim Road, as well as between the Keong Saik and Duxton Hill enclaves. Also within walking distance is the CBD, and the Outram Park, and Tanjong Pagar MRT stations. 

“51 Neil Road occupies an unparalleled location strategically nestled in the Tanjong Pagar precinct, where substantial rejuvenation and transformation are underway. A key highlight to its location is the upcoming Maxwell MRT Station positioned adjacently across the property, which will enhance accessibility and bring significant footfall to the immediate area,” said Kate Leong, Director, JLL Capital Markets. 

The sale will be done through an Expression of Interest exercise, which is set to close on 22 February 2022. 

Join Singapore Business Review community
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!

The growth was driven by the increase in services inflation.
A new range of collaborative social spaces will make up the structure. 
One measure is the removal of the clickable links in SMSes sent by the bank.
The increase represented increased considerations of 2.1% in cash and 5.8% in shares.
It achieved a 100% sellout in its apartment launches at Yanlord Arcadia.
The institutions will collaborate on payments innovation projects amongst others.
Keppel Corp had the most growth.
It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.