31 Niven Road (Picture: Huttons Asia)SINGAPORE (EDGEPROP) - A freehold conservation shophouse at 31 Niven Road, in the Mount Sophia area in District 9, is up for sale through an expression of interest (EOI) exercise with a guide price of $5.2 million, or $4,163 psf on the land area. The property sits on land designated for residential use and is newly renovated, says marketing agent Huttons Asia.Map and location for 31 Niven Road (Source: EdgeProp LandLens)The shophouse has a land area of 1,249
SINGAPORE - A freehold conservation shophouse at 31 , in the Mount Sophia area in District 9, is up for sale through an expression of interest exercise with a guide price of $5.2 million, or $4,163 psf on the land area. The property sits on land designated for residential use and is newly renovated, says marketing agent Huttons Asia.The shophouse has a land area of 1,249 sq ft, with a built-up area of 2,077 sq ft.
Lee Sze Teck, Huttons’ senior director of research, adds that landed home prices have appreciated almost 50% in the last five years. “The rarity of residential shophouses means there is potential for capital appreciation over the mid to long term,” he notes.Recent sales transactions for landed residential property on Niven Road
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