Photo of 31 Niven Road (Source: Huttons Asia)
A freehold, newly renovated, two storey conservation shophouse along Niven Road is up for sale via an expression of interest exercise at S$5.2 million and S$4,163 psf on the land area.
The residential property is located at District 9 in the Mount Sophia vicinity. Sitting on a land size of 1,249 sq ft, it has a built-up area of 2,077 sq ft. It features high ceilings with natural lighting, an open concept living/dining cum kitchen and a courtyard on the first floor. The living/dining area is suitable to be used as a home office. On the upper floor, there are two ensuite bedrooms and a family area which can be converted to a third bedroom. The owner had spent more than $500,000 on renovation using quality building materials imported from the United Kingdom and Italy and equipped the kitchen with Miele appliances.
It is in close proximity to Plaza Singapura shopping mall and is directly accessible from Bukit Timah Road or Wilkie Road. The Dhoby Ghaut, Rochor and Little India MRT stations are also within walking distance.
Clarie Lim, Associate Division Director of Huttons Asia Pte Ltd mentions that, “As Singapore becomes increasingly affluent, this can be considered an entry level quantum for freehold residential landed properties in a prime residential district. The price of $2,503 psf on the strata area is similar to new city fringe launches in 2023.”
“Landed homes have seen strong price appreciation of almost 50% in the last five years. Moreover the rarity of residential shophouses means there is potential for capital appreciation over the mid to long term,” concludes Lee Sze Teck, Senior Director of Research at Huttons Asia Pte Ltd.
The expression of interest ends on 6th June 4pm.
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For further information, please contact:
Clarie Lim, Associate Division Director, Huttons Asia
Tel: +65 8720 8548 | email@example.com
Huttons Asia Pte Ltd (Licence No: L3008899K)