Review: Somerset Area Shophouse
Updated: Jun 4, 2021
This is a review of a Somerset Area shophouse that is currently marketed by one of my colleagues. This is to provide potential buyers with a more in-depth view of the property and have all the details needed to make a well-informed decision. Should you require more information, feel free to write to firstname.lastname@example.org or contact Joshua Loo at +6596329840! I will link you up to the seller agent!
Note from the writer: This review was initially a thorough and comprehensive look in regards to the property. However, we have encountered numerous unethical practices in regards to the properties that we are marketing. In order to protect the interest of the writer, real estate agents involved and seller, some identifying information was removed.
This shophouse has been sold to a new owner! Thanks for reading!
Conserved shophouses have been the prime choice for investors for the longest time. With only 6,500 in Singapore, shophouses provide good capital appreciation due to its scarcity value. Furthermore, these shophouses are protected and will not be torn down over time.
This article that I am writing on is an example of a unique shophouse with interesting qualities. This is because it is NOT a conserved shophouse! However, I implore you to read further on why this makes it such an attractive purchase!
Huge Land/ Built-Up Area
There is rarely any landed housing in District 9, and the only ones that you can find are located in One Tree Hill or Jalan Lada Puteh. These areas, however, have their respective challenges for residential buyers looking for a property close to the Orchard Road shopping belt.
Jalan Lada Puteh
The land size is within 1500-2000 sqft, which is not too big. This might not be suitable for bigger, multi-generational families. The Build-Up area is constricted which provides approximately up to a maximum of 3500-4000 sqft. The positive tradeoff is that this area is situated just beside Scotts Square and Lucky Plaza.
One Tree Hill
The average land sizes of properties here are from 3000-5000 sqft. Build-Up can be close to approximately 10,000 sqft. It is also relatively near to the Orchard Road Shopping Belt, which you can reach within 12 minutes of walking.
However, the residential shophouse that I am sharing today takes only half the amount of time!
Comparing with Conserved Shophouses
Since I’m on the topic of shophouses, I think that I should do a comparison to the ones with conservation status.
Cairnhill Road Shophouses
There are many conserved shophouses along Cairnhill Road, and therefore transaction volume should be healthy. However, this isn’t the case! I will discuss this more in detail below. One of the main challenges of living in a shophouse means that you will have to deal with traffic noise. These shophouses are along Cairnhill Road, and the constant noise from supercars zipping past can be a nuisance to the property occupiers.
Also, the front façade shows that this is a two-story shophouse. Rear extensions might allow a third floor to be added in, but still, total GFA will be affected as not much changes can be done towards the front of the property.
Emerald Hill Shophouses
Traffic noise is less as compared to Cairnhill Road Shophouses as Emerald Hill Road accommodates only Single lane, one-way traffic.
However, the challenge in protecting the façade means that the GFA potential is limited.
Dublin Road Shophouses
What is unique about these Dublin Road shophouses is that these are only the available 5 in a row. Notice that, the front façade of the shophouses is reminiscent of stylings from the first transitional