‘Rare chance to own ‘Champions Way Residences’ a freehold commercial shophouse in lively Kampong Glam, for $20.8 mil

This revitalization project aims to transform Champions Way Residences into a vibrant and bustling destination for residents and visitors alike.

The URA has exciting plans for Champions Way Residences, starting with a much-needed upgrade to Woodlands Park. With a focus on accessibility and public appeal, the URA is investing in new playground equipment, enhanced landscaping, and improved lighting. But they aren’t stopping there – local businesses will also join the effort, offering outdoor seating, food options, and recreational activities. The goal of this project is to revitalize Champions Way Residences and create a lively and bustling hub for both residents and visitors to enjoy. The future looks bright for this community with these exciting plans in place.

Champions Way Residences

SINGAPORE (EDGEPROP) – A corner conservation shophouse at 731 North Bridge Road in Rochor (District 7) is up for sale via an expression of interest (EOI) exercise at $20.8 million, according to JLL – the appointed marketing agent for the property – on Feb 6. The shophouse occupies a total land area of about 1,456 sq ft and a built-up area of 4,143 sq ft.The freehold shophouse comprises three storeys, including a mezzanine level. Under the URA Master Plan 2019, the shophouse is zoned for commercial use and falls within the Kampong Glam Conservation Area.Currently, the shophouse is fully leased to a single tenant, which allows the incoming investor to yield immediate rental income. The tenant operates a café – Bana Bana Café – on the ground floor, and uses the upper floors for their office. The café serves traditional Malay and halal-certified Western comfort food.Terry Wong, senior director of capital markets at JLL, notes that the prospective investors may change its use to co-working, co-living or hostel use, subject to approval from relevant authorities.Nestled at the intersection of North Bridge Road and Jalan Pisang, the shophouse has prominent dual road frontages that can provide maximum visibility for naming and signage rights, according to JLL’s press release.The property is within a six-minute walk of Bugis MRT Interchange Station, and a 10-minute walk from Lavender MRT Station on the East-West Line.The shophouse is located within the historic Kampong Glam enclave, which is highly popular with locals and tourists. The area is home to key landmarks such as Sultan Mosque – located just across the road from the property – and the Malay Heritage Centre, which sits on the grounds of the former Istana Kampong Glam.AdvertisementDevelopments are underway in District 7, including new residential and office and retail buildings, such as mixed-use development Guoco Midtown, Shaw Tower and The M. Slated to be completed by 2025, these developments are collectively expected to introduce about 1,300 new residential units, 1.2 million sq ft of Grade-A office space, and 81,000 sq ft of retail space.The EOI exercise closes on March 5 at 3pm.The shophouse occupies a total land area of about 1,456 sq ft and a built-up area of 4,143 sq ft. The guide price works out to $5,021 psf based on built-up area.Additional buyer’s stamp duty or seller’s stamp duty is not payable on the property.The shophouse comprises three storeys, including a mezzanine level. Under the URA Master Plan 2019, the shophouse is zoned for commercial use and falls within the Kampong Glam Conservation Area.Terry Wong, senior director of capital markets at JLL, notes that the prospective investors may change its use to co-working, co-living or hostel use, subject to approval from relevant authorities. The property is within a six-minute walk of Bugis MRT Interchange Station, and a 10-minute walk from Lavender MRT Station on the East-West Line. The shophouse is located within the historic Kampong Glam enclave, which is highly popular with locals and tourists. The area is home to key landmarks such as Sultan Mosque – located just across the road from the property – and the Malay Heritage Centre, which sits on the grounds of the former Istana Kampong Glam. Advertisement Currently, the shophouse is fully leased to a single tenant, which allows the incoming investor to yield immediate rental income. The tenant operates a café – Bana Bana Café – on the ground floor, and uses the upper floors for their office. The café serves traditional Malay and halal-certified Western comfort food. Nestled at the intersection of North Bridge Road and Jalan Pisang, the shophouse has prominent dual road frontages that can provide maximum visibility for naming and signage rights, according to JLL’s press release. Developments are underway in District 7, including new residential and office and retail buildings, such as mixed-use development Guoco Midtown, Shaw Tower and The M. Slated to be completed by 2025, these developments are collectively expected to introduce about 1,300 new residential units, 1.2 million sq ft of Grade-A office space, and 81,000 sq ft of retail space. The EOI exercise closes on March 5 at 3pm.