A two-storey freehold conservation shophouse with attic as well as a three-storey back extension at 131 Tyrwhitt Road in Lavender has been offered with the overview rate of $7.5 million ($ 2,137 psf) via an Expression of Passion (EOI) exercise. Savills Singapore was appointed as the single unique advertising agent. Zoned as “Residential with industrial initial floor” in the 2019 Master Plan, the site covers 1,499 sq ft and also has a built-up area of 3,509 sq ft. The very beginning has been approved for dining establishment usage, and also is currently run by a cafe.
Copen Grand EC Will Feature Lavish Amenities and Generous Landscaping
Located in the Western part of Singapore, the Copen Grand EC will feature lavish amenities and generous landscaping. The development is expected to achieve BCA Gold Plus certification, which signifies its commitment to environmental sustainability. The project is expected to be completed in Q3 2022, and will be a landmark for forest town. It will be accessible to residents from all over Singapore. The completion date of Copen Grand EC is still unknown, but it is expected to be completed before the end of the year.
One of the most vibrant and promising neighbourhoods in Singapore is the town of Tengah. It is situated within the Jurong East development, one of the key regional growth zones in the city. The area is close to various amenities, such as the Bukit Batok MRT station, which is scheduled to open in 2030. There are also several schools in the vicinity. This makes it a good choice for families with kids.
The EC site is also close to the Central Business District. It is a mere 30-minute drive from the CBD, while the Jurong Innovation District, a premium business district, aims to become a world-class centre for advanced manufacturing. The EC site is also located close to the Jurong Lake District and Taurus Properties, which has a large number of proposed business development projects. So, if you are thinking of setting up your office in Singapore, this is the right place for you.
In addition, A&A works had actually been conducted in 2016 to include an exterior alfresco dining area and en suite washrooms in individual systems. Bendemeer MRT Station, on the Downtown Line, lies a couple of minutes’ walk away. “There has actually been a flurry of shophouse task in the Jalan Besar district as a result of a demand overflow from Districts 1 as well as 2 shophouses” states Yap Hui Yee, senior supervisor of financial investment sales and capital markets at Savills Singapore.
The Lavender as well as Jalan Besar district has actually been gentrified into a dynamic way of living location that is preferred with the residents as well as expatriates, she includes. A diverse mix of renters in the area includes the well known coffee shops such as Chye Seng Huat Hardware, Druggist and Wimbly Lu. The supply of shophouses along Tyrwhitt Roadway is restricted, adds Yap. “Following the sale of 133 Tyrwhitt Roadway of one more two-storey conservation shophouse in November 2021 for $6.35 million, 131 Tyrwhitt Road is perhaps the only shophouse along this busy primary stretch of Tyrwhitt Road available offer for sale.” she observes.
The shophouse presently gains a rental yield of 3%, which Yap believes will be attractive to investors