Two adjoining properties along Norris Road up for sale
  • Investment Advisory
  • 01 July 2021

Two adjoining properties along Norris Road up for sale

Two adjoining properties along Norris Road up for sale

SINGAPORE, 1 July 2021EDMUND TIE, the sole marketing agent for the sale of 3 and 9 Norris Road, is pleased to offer a three-storey shophouse and an adjoining 2-storey building (the former Ramakrishna Mission building) for sale via a tender exercise.

The two adjoining freehold properties enjoy an excellent location at the fringe of the city centre.  They are conveniently located near the junction of Norris Road with the Serangoon Road thoroughfare, and within 400 metres to Jalan Besar MRT station on the Downtown Line. As a combined site, the two properties command a prominent 33-metre frontage along Norris Road, and have a total site area of 751.8 sq m (approximately 8,092 sq ft) and a total floor area of around 1,705.93 sq m (18,362 sq ft).

Under the URA Master Plan 2019, the shophouse is zoned “Commercial” and its adjoining building is zoned “Civic & Community Institution” under the Little India Historic District.

Located within the Beach Road/Ophir-Rochor Corridor, which is envisioned to be a vibrant mixed-use cluster in the near future, the subject properties and their immediate vicinity will benefit from the ongoing rejuvenation and transformation of the area. The completion of Tekka Place integrated development and Centrium Square – a retail cum office and medical suites development – have added to the buzz of the neighborhood. Other highlights in the precinct include Mustafa Centre and City Square Mall.

Referring to 9 Norris Road, executive director of investment advisory, Mr Tan Chun Ming, said: “The former home of the Ramakrishna Mission Singapore – a branch of the Ramakrishna Order of India, a worldwide spiritual and welfare organization – boasts spectacular architecture that traces its roots to early Singapore, and represents a rare piece of heritage that is hard to come by today.

“The eclectic blend of architectural styles, ranging from Baroque-styled pediments to the Indian floral petal motifs, very much mirrors the multiracial make-up of Singapore in its early years. Conserved properties like this are rich in heritage charm and are a collector’s item for their scarcity.”

Ms Lee Joo Fee, associate director of investment advisory, added: “The addition of an adjoining shophouse to the former mission building creates larger floor plates which allow for more flexibility in terms of layout and design.

“It is also a rare opportunity to acquire two adjoining properties in the vibrant Little India district. The subject properties’ strategic city-fringe location within the arts, heritage and cultural district will attract both locals and tourists to ensure a regular stream of footfall to the area.”

Constructed in 1932, the former Ramakrishna Mission building at 9 Norris Road played an important role in shaping the cultural history of Hindus in Singapore. During World War 2 in the early 1940s, the mission building served as a first aid post which provided free medical treatment, food and shelter for war victims. Today the Mission continues its good work at its Bartley Road premises by providing a Boys’ Home, education and counseling for children and youths.

The building was subsequently bought over by the Asian Women’s Welfare Association (AWWA) in 1983 to run programmes for disabled and underprivileged Singaporeans until 1999 when the AWWA moved to new premises. This heritage development was gazetted for conservation in October 2006.

Both properties are to be sold together on an “as-is-where-is” condition with an indicative price of $16.5 million, reflecting $899 per sq ft on built up area.

The tender exercise for both properties will close 4 August 2021 at 3pm.

ENDS

For further information, please contact:

Lewis Chua

Executive, Corporate Communications

O: +65 6393 2360

Email: lewis.chua@etcsea.com

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