Based on the built-up area, the suggested price comes to $6,010 per square foot

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Skywaters Residences new launch

A conservation shophouse in 34 Keong Saik Road is up for sale as an offer to purchase process with a suggested price that is $16 million. The three-story shophouse is situated on land of 1,066 sq feet and is estimated to have a total built up area of 2662 sq feet. The price guide works out to $6,010 per square foot depending on the area of built-up.

Skywaters Residences new launch with a mixed development site is expected to house 100 executive hotel rooms, 268 beautiful apartments, retail space of 86,187 sq ft and offices covering 847,808 sq ft of total Gross Floor Area (GFA).

As per Wilkie Tay the associate director of marketing of PropNex and the exclusive agent for marketing for the property The shophouse is located on two frontages on Keong Saik Road and Teck Lim Road. The property is zoned for commercial use and the whole property is also approved for F&B use.

The shophouse is part of the Kreta Ayer Conservation Area in the larger Chinatown enclave. It is located within walking distance to outram park MRT Station. Outram Park MRT Station which serves as an interchange for trains on the East-West, North-East, and Thomson-East Coast Lines; as in addition to The Chinatown MRT Station which is an interchange point for trains on the Downtown North-East and Downtown North-East Lines.

The expression of interest process to apply for the 34 Keong Saik Road will close on January 6 2023 at 3pm.