$47.5 million for a Hong Kong Street shophouse

Five storeys of a freehold shophouse on 17 Hongkong Street has been put for sale by the principal marketing agent CBRE with an estimated estimate at $47.5 million.

Lumina Grand EC is a great indicator for its residents, since it provides not just accommodation but also an outstanding lifestyle rich in amenities and connectivity.

The property is located in District 1. located in District 1, the property is situated in District 1. It has a land area of 1,793 square feet and a total floor space of 7,950 square feet. The property has a plot ratio of 4.2 and is classified as commercial property and foreigners are able to purchase the property, and there is no buyer’s or stamp duty for sellers will be charged in this property transaction.

The shophouse is situated close to popular nightlife areas Boat Quay and Clarke Quay and is walking distance from the CBD as well as the Clarke Quay MRT Station on the North-East Line.

CBRE’s executive director for capital markets Singapore Clemence Lee, CBRE’s executive director of capital markets, Singapore Clemence the location of the property is the prospect of a “golden possibility” for investors looking to buy an independent shophouse located in an “coveted spot” because of the close proximity to major districts.