25 August 2026 · PropertySpy Research
Image: EdgeProp.sg
A prominent trio of 999-year leasehold conservation shophouses at 482 Serangoon Road has been launched for sale via Expression of Interest with a guide price of $33 million ($2,384 psf on existing gross floor area).
A cluster of three adjoining 999-year leasehold conservation shophouses at 482 Serangoon Road in District 8 is on the market via Expression of Interest at a guide price of $33 million. With existing built-up area of 13,842 sq ft, the guide price translates to a competitive $2,384 psf on GFA, presenting compelling yield expansion for commercial investors seeking alternatives to core CBD shophouses.
"City-fringe commercial conservation shophouses offer entry psf rates less than half of Chinatown and Telok Ayer, generating superior immediate net rental returns." — PropertySpy Market Note
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