News > Shophouse on Pagoda Street sold for record-breaking $14,504 PSF, reached all time high within Kreta Ayer Conservation Area
Shophouse on Pagoda Street sold for record-breaking $14,504 PSF, reached all time high within Kreta Ayer Conservation Area
11 April 2024
On 13 March 2024, a shophouse at 31 Pagoda Street, situated within the Kreta Ayer Conservation Area, has been sold for $19 million, according to URA. This means $14,504.2 PSF for an area of 1,310 sqft, which breaks the record for the highest PSF for shophouses ever transacted within Kreta Ayer Conservation Area.
Previous high belonged to another shophouse on Smith Street, which has an area of 2,455 sqft and was sold for $35 million, or $14,255.2 PSF.
The Kreta Ayer Conservation Area, nestled in the heart of Singapore's Chinatown, stands as a testament to the rich cultural heritage and historical significance of the region. It is located along Smith Street in District 01, and is accessible through 3 MRT stations: Chinatown, Telok Ayer, and Maxwell.
Screenshot of CommercialTransactions from RealAgent
*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.
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