A five-storey commercial shophouse at 32 Hongkong Street has been launched for sale by expression of interest (EOI), sole marketing agent PropNex Realty said yesterday.

Its guide price stands at $9.8 million, excluding the premium payable for lease renewal.

That works out to $1,290 per sq ft, based on a total floor area of about 7,600 sq ft.

The shophouse comes with a lift installed. It sits on an envelope control site spanning about 1,717 sq ft, with a land tenure of 99 years from Jan 1, 1942.

Envelope control sites are vacant lands and buildings located within conservation areas in Singapore, but are not designated for conservation. They can be redeveloped subject to government guidelines.

Adapted from The Straits Times, 21 Mar 2020