# Keong Saik Road commercial unit with 999-year leasehold tenure for sale at $4.1 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-26T02:00:00.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/keong-saik-road-commercial-unit-999-year-leasehold-tenure-sale-41-mil
- **Topics:** Commercial & Industrial, New Launches, Transactions & Deals

## Featured rationale

Its long tenure, central location and flexible commercial uses may support investor interest, while the expiring tenancy could attract owner-occupiers or repositioning buyers.

## AI summary

A tenanted 999-year commercial unit at 2A Keong Saik Road is offered at $4.1 million, equivalent to $3,559 psf, via EOI.

## Original article

A commercial unit at 2A Keong Saik Road has been launched for sale through an expression of interest (EOI) exercise with a guide price of $4.1 million.

The 999-year leasehold property is a walk-up unit located on the second floor of a four-storey commercial development. It has a floor area of about 1,152 sq ft, comprising a main lot of around 1,001 sq ft and a stairway of approximately 151 sq ft.

Based on the total floor area, the guide price translates to $3,559 psf.

The unit is currently leased, with the existing tenancy due to expire towards the end of this year, according to Brilliance Capital, which is marketing the unit. As a result, the buyer has the flexibility to continue the tenancy for rental income or take back the unit for their own use or repositioning, added Sammi Lim, the firm’s founder and executive director.

Read also: Six freehold shop units at Balestier Point launched for tender sale from $1,715 psf

“Beyond its immediate rental income, the property's commercial zoning allows for a wide range of alternative uses, from wellness and fitness concepts to private dining, retail and creative studios, subject to approval from the relevant authorities,” she said.

The property is a three-minute walk from Maxwell MRT Station on the Thomson-East Coast Line, while Outram Park MRT Station — an interchange for the East-West, North-East and Thomson-East Coast lines — is also within walking distance.

According to Lim, investor interest in the Keong Saik and Duxton enclave has remained strong, supported by the area’s vibrant mix of retail, dining and hospitality concepts, alongside cultural landmarks such as the Sri Layan Sithi Vinayagar Temple and the Buddha Tooth Relic Temple.

Along Keong Saik Road, the latest commercial transaction based on lodged caveats occurred in June, when a freehold shophouse occupying 1,258 sq ft of land changed hands for $16 million.

Before that, the most recent transaction was in December 2022, when another freehold shophouse fetched $17 million.

The EOI will close at 3pm on Oct 6.

## Chinese translation

> Translation model: openai_codex_cli

### Keong Saik Road一间999年租赁产权商业单位以410万新元出售

该物业总楼面面积约1,152平方英尺，位于一栋四层商业发展项目的二楼。

位于Keong Saik Road 2A的一间商业单位已通过意向书（EOI）程序推出出售，指导价为410万新元。

该999年租赁产权物业是一间步行上楼单位，位于一栋四层商业发展项目的二楼。其楼面面积约1,152平方英尺，包括约1,001平方英尺的主地段和约151平方英尺的楼梯。

按总楼面面积计算，指导价相当于每平方英尺3,559新元。

负责代理销售该单位的Brilliance Capital表示，该单位目前已出租，现有租约将于今年年底前后到期。因此，买家可灵活选择继续出租以获取租金收入，或收回单位自用或重新定位，该公司创始人兼执行董事Sammi Lim补充说。

另读：Balestier Point六间永久产权店铺单位推出招标出售，价格从每平方英尺1,715新元起

她表示：“除即时租金收入外，该物业的商业分区用途允许多种替代用途，从健康与健身概念，到私人餐饮、零售和创意工作室，但须获得相关当局批准。”

该物业距离Thomson-East Coast Line的Maxwell地铁站步行三分钟，而Outram Park地铁站——East-West、North-East和Thomson-East Coast线的转换站——也在步行距离内。

Lim表示，投资者对Keong Saik和Duxton片区的兴趣一直保持强劲，受该地区充满活力的零售、餐饮和酒店业态组合，以及Sri Layan Sithi Vinayagar Temple和Buddha Tooth Relic Temple等文化地标支持。

根据已登记的买卖禁令，Keong Saik Road沿线最新一宗商业交易发生在6月，当时一间占地1,258平方英尺的永久产权店屋以1,600万新元易手。

在此之前，最近一宗交易是在2022年12月，当时另一间永久产权店屋以1,700万新元成交。

EOI将于10月6日下午3时截止。