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999-Year Serangoon Road Shophouse Trio at $33M: High-Yield Commercial Asset Play

25 August 2026 · PropertySpy Research

999-Year Serangoon Road Shophouse Trio at $33M: High-Yield Commercial Asset Play
999-Year Serangoon Road Shophouse Trio at $33M: High-Yield Commercial Asset Play

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).

Key Takeaways

•$2,384 PSF on Existing GFA: Highly attractive entry compared to prime CBD conservation benchmarks ($5,000+ psf).
•999-Year Tenure: Quasi-freehold capital safety with multi-generational wealth preservation qualities.
•Prominent Dual Frontage: High vehicular and pedestrian visibility at key city-fringe junction.

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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Tras Street Conservation Shophouse
Featured: Tras Street Shophouse · D02
Original Report: EdgeProp.sg

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