2-storey shophouse in Kampong Glam on sale for $5.18 million

SINGAPORE: A historic two-storey shophouse located on Bussorah Street in the heart of the vibrant Kampong Glam district has been listed for sale at $5.18 million. The exclusive agent for the sale, Feracity, announced that the property represents a unique investment opportunity due to its prime location, current rental income, and potential for growth.

Feracity also highlighted that the property currently has tenants, providing immediate rental income for the future owner. This feature, combined with the ongoing revitalization efforts in the area, makes the shophouse an attractive option for investors and entrepreneurs looking to capitalize on Singapore’s booming real estate market.

The Kampong Glam Alliance, comprising local residents, cultural institutions, and businesses, announced plans in July 2023 to further enhance the area’s appeal. Over the next four to five years, the alliance aims to implement a series of initiatives to attract more visitors and residents. These include enriching the district with diverse cultural activities, adding more green spaces, and commissioning captivating artwork that reflects the area’s unique heritage.

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