CBRE has announced the sale of a unique 4-storey freehold mixed-use development at 19 Jalan Masjid, Singapore. The sale will be conducted via an Expression of Interest exercise, closing on 2 July 2025. This property, occupying a prime site of approximately 3,383 sq ft, offers a built-up area of about 10,134 sq ft and is currently fully tenanted, providing stable rental income.
The building, strategically located in Bedok, is zoned for “Residential with Commercial at the 1st-storey” under the Master Plan 2019. It has received in-principal approval to convert the upper floors into Serviced Apartment II (SA2), subject to certain conditions. The ground floor is leased to a commercial school, whilst the upper floors are occupied by a co-living operator.
The indicative guide price for the property is S$17m, translating to approximately $1,678 per square foot. Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the investment’s appeal, stating, “This offering represents a unique opportunity for investors to acquire a freehold mixed-use development with in-principal approval for SA2.”
The property’s location opposite Kembangan MRT Station and proximity to major expressways enhances its accessibility. The area is set to benefit from a new mixed-use project by HDB, which will include residential units and various amenities. With the scarcity of such assets and the attractive investment quantum, CBRE anticipates strong interest from a range of investors.
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