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Buying or selling your property during COVID-19?
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Freehold Commercial Unit Up at Upper Thomson Road for $19.5 Million Record Price

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Written by: Guo Zhenhao

A freehold commercial unit at Thomson Imperial Court is up for sale at a guide price of S$19.5 million, around S$1,771 per sqft for the 11,011 sqft unit.

The commercial unit is located at basement one, directly connected to the carpark. It currently houses Sheng Siong Supermarket. Other tenants include education centres and a foreign domestic worker agency.
The building is also connected to expressways such as Lornie Road, Lornie Highway, the Pan Island Expressway (PIE), and the Central Expressway (CTE).

An opportunity for investors and end users alike

Managing partner at SRI Capital Markets, Low Choon Sin describes the commercial unit as “an excellent opportunity for both investors and end users to own a freehold commercial unit.” Having a majority share value stake in Thomson Imperial Court (23%), the future owner of this commercial unit will be able to “influence the possibility of a future collective sale of the development.”

Both foreigners and companies are eligible to purchase the property, as no additional buyer’s stamp duty or seller’s stamp duty have been imposed.

The expression of interest (EOI) exercise ends at 3 pm on 4 June 2020.

Wish to purchase a commercial unit? To find out how our property agents can help you secure commercial units, call us at +65 6886 9009 today!


Source: Business Times

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