High yield freehold 2.5 storeys with rear extension at Joo Chiat Road

Rare Freehold Joo Chiat Shophouse with High Yield & 4-Storey Rear Extension 370 Joo Chiat Road | District 15 Guide Price: $11.5M | ~2,632 PSF Investment Highlights • Freehold 2-storey with attic and 4-storey rear extension • Approx. 4,368 sqft built-up | 1,456 sqft land • Multi-tenant configuration (5–6 units) • Estimated ~2.7% yield – strong for this stretch • Sold with existing tenants (immediate income) Why This Property Stands Out • Fully maximised GFA – no need for costly rear extension (saves on LBC and construction) • Efficient layout with side staircase for optimal usable space • High ceilings suitable for various commercial uses • Rare wide rear alley with vehicle access for easy loading and unloading • Parking available directly in front plus public carpark just a minute away Prime Katong–Joo Chiat Location • Located within Singapore’s iconic heritage enclave • Recognised as one of the “World’s Coolest Streets 2025” by Time Out • Surrounded by popular cafes, restaurants and lifestyle brands • Close proximity to Katong Point, i12 Katong and approx. 6–8 minutes’ walk to Marine Parade MRT Station Growth & Upside • Part of URA’s Historic East Identity Corridor • Ongoing enhancements to drive footfall and long-term vibrancy • Fewer than 7,000 shophouses in Singapore • No ABSD for foreign buyers (commercial asset) Tenant Profile • Established tenant mix including lifestyle retail, healthcare, beauty and fitness • Long-standing tenants providing stable recurring income Ideal For • Investors seeking stable yield with capital appreciation • Foreign buyers and family offices • End-users looking for a prime heritage asset