Freehold Shophouse Retail Shops For Sale Singapore
Introducing 1953 - A New Breath of Legacy
Art Deco shophouses, introduced since the mid 1990s are opening up for Sale at the cross of Tesssensohn Road and Balestier Road. This time around, it has adapted with a modern and streamline twist with geometric shapes, flagpole and finned pillars. The charm of new world of eclectic fronting, weaving between innovation and tradition, is here for you to enjoy this Freehold legacy of landmark shophouses.
This old world charm is yours to own for generation to come. These Singapore’s architectural gems are much sought after investment. Back in 2009, psf is around S$1,300. In 2018, psf is around S$4,500 about 246% more than it was 10 years ago.
Today, you can opt for ground level shops from 366 sqft to 786 sqft with lesser psf.
| || |
|New Property Name||1953|
|Developer||Oxley Amethyst Pte Ltd|
|Architect||Park+Associates Pte Ltd|
|Development Type||Mixed Development (Shops & Residential)|
|Site Area||1,666.5 sqm / 17,938 sqft|
|Tenure||Freehold, Estate In Fee Simple|
|Expected Completion||December 2023 estimated|
|No. of Storey||6|
|No. of Block||1|
|No. of Units / Unit Mix||14 Retail Shops, 58 Residential Units|
Watch Video on 1953 Shops
Location of 1953
Almost every public officers working in the Singapore Public Service would likely know this location well because of the Civil Service Club at Tessensohn. There are around 145,000 officers working for The Singapore Public Service in Dec 2018.
The shops are fronting a main busy road and this sketch of Balestier Road would also be familiar to drivers getting to and from from Kallang, Beach Road, Singapore Sports Hub to Central Expressway (CTE).
Patrons could also reach 1953 via 3 MRT Stations at Boon Keng, Farrer Park and Bendemeer.
Today, there are also some spots which could congregate potential patrons include Ceylon Sports Club, Singapore Indian Association, Sakya Muni Buddha Gaya Temple, Kwong Wai Shiu.
Where tenure is concerned, The Ministry of Trade and Industry (MTI) announced in 2012 that the tenure of future industrial sites under the Government Land Sales (GLS) to be shortened to 30 years to make industrial property more affordable and allow the government to be more flexible in their land development. Previous tenure just before this announcement is 60 years. BUT here in this development, it is FREEHOLD.
The developer of Mactaggart Foodlink is Lian Beng Group which was established since 1973. It is one of few Singapore's home-grown construction groups with capability in civil engineering and construction support services. The Group is principally involved in the construction of residential, industrial and commercial projects, and civil engineering projects as a main contractor.
Aside from construction, Lian Beng likewise takes part in property development locally and abroad, mostly via joint ventures. Some of the track records on commercial property developments are Eco-tech@Sunview, M-Space and Hexacube. For Residential or mixed developments, they have completed are KAP Residences, Newest, Lincoln Suites, Spottiswoode Suites and The Midtown & Midtown Residences.
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