9 November 2021 – Savills Singapore, as the exclusive marketing agent, is proud to offer for sale 33, 35, 37 Tras Street – a prominent row of three adjoining 2-storey shophouses within the bustling Tanjong Pagar enclave.
Sitting at the corner of Tras Street, the amalgamated row of 3 shophouses enjoy excellent frontage with high visibility of more than 16 metres. Featuring double volume ceiling heights on both floors, the shophouses command a sense of grandeur, exude elegance and spacious luxury with full-height glass frontage on the ground floor.
The beautifully restored shophouses have a combined land area of approximately 4,450 square feet and a floor area of approximately 8,883 square feet. Zoned “Commercial”, 33, 35, 37 Tras Street is fully tenanted and boast strong tenant profiles with a leading bridal boutique in Singapore on the ground floor and an award-winning international architectural firm on the second floor.
A mere 4-minute walk from Tanjong Pagar MRT station and the upcoming Maxwell MRT station, the shophouses are centrally located and easily accessible. With Maxwell MRT station slated for completion in 2022, the shophouses will enjoy added connectivity to the North and the East districts when the Thomson-East Coast Line is fully operational in 2025.
Ms. Yap Hui Yee, Director, Investment Sales & Capital Markets at Savills Singapore, shared: “Sitting just side by side, the shophouses are set to benefit from the re-development of Maxwell House where a pedestrian mall from Maxwell Road to Cook Street will be newly constructed. Not only will the pedestrian mall bring vibrancy to the immediate vicinity, but a sheltered pedestrian link will also be built between the row of shophouses and the new development which will enhance connectivity and boost foot traffic.”
The guide price for 33, 35, 37 Tras Street is $33 million. Foreigners and companies are eligible to purchase the properties and no Additional Buyer Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) will be imposed.
Ms Yap added: “This is an exceptional opportunity for buyers to own a distinctive trophy asset with excellent specifications in the CBD. As the shophouses are in the heart of a rejuvenation area, they enjoy location upside and buyers are able to enjoy capital appreciation down the road.”
The sale will be conducted through an Expression of Interest exercise which closes on Tuesday, 7 December 2021, at 3pm.