Sale of shop house in joo chiat. Worth a buy?

 

Joo Chiat is a place that brings a different feel compared to the rest of the street in Singapore. It is very much like the mohd sultan of the east where you will find shop houses from the past mixed with futuristic skyscrapper.

Near by there is the recently developed katong shopping mall as well as One km shopping mall. However along this street you will find all the old shophouses which sells an assortment of items such as furnitures to cafe to chinese religious stuff as well as pubs.

Now with the property market on the drop here, it is kinda of interesting to see 5 adjoining shop houses being sold. Perhaps a hint that the drop is going to continue?

SINGAPORE: Five adjoining shophouses along Joo Chiat Road were put up for sale on Monday (Sep 14), with the seller seeking bids on a freehold basis in excess of S$14 million.

In a statement on Monday, property consultancy firm Chestertons said that the shophouses, numbered 142, 144, 146, 148, and 150, have a total land area of approximately 7,503.58 square feet.

ᔥhttp://www.channelnewsasia.com/news/singapore/five-joo-chiat-shophouses/2125710.html