New Bridge Rd shophouse up for sale at S$19.5m

Singapore

A PRIME four-storey conservation shophouse at 21 New Bridge Road has been launched for sale via tender at S$19.5 million, Colliers International said. The tender will close on Nov 27 at 3pm.

The seller will bear the additional cost to top up the land tenure to a fresh 99-year lease, and has also committed to undertake addition and alteration (A&A) works to build out the rear extension from the current four storeys to up to six storeys.

The valuation price of S$19.5 million translates to around S$3,200 per square foot (psf) based on the proposed total gross floor area (GFA) of 6,062 square feet (sq ft) after the r…