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Limited land availability is one of the main factors driving the demand for condos in Singapore. As a small but rapidly growing island nation, there is a scarcity of land for development. This has resulted in strict land use policies and a highly competitive real estate market, where property prices are continuously on the rise. Therefore, investing in real estate, specifically condos, has become a profitable endeavor, with the potential for capital appreciation. For the best Singapore Projects, consider investing in condos.
A well-preserved building located at 9 Norris Road is now available on the market for $16.5 million. This three-story, freehold property is situated in the heart of the Little India Historic District and dates back to the 1930s.
Originally known as the Ramakrishna Mission Building, the property is zoned for civic and community institution use. It was previously occupied by the Ramakrishna Mission, a spiritual and welfare organization, for twenty years before they relocated to Bartley Road in the 1950s. In the following decades, it served as the home of the Asian Women’s Welfare Association (AWWA) and a family service center.
Recently, the property was refurbished and modernized by its previous owner at a cost of $5 million. The result is a beautiful blend of its original Moorish style with modern elements. Local architectural and interior design firm OWAA Architects oversaw the restoration of the building’s façade, returning it to its former glory. Some notable features include timber-louvred windows, a cantilevered balcony, and domed roof turrets. Additionally, a new glass canopy was added to the internal courtyard, bringing in ample natural light.
The internal layout has been reconfigured for flexibility, with the ground and second floors being able to accommodate various functions such as gallery rooms, practice studios, or multi-purpose spaces. The third floor can serve as an office. The building’s new owner, a Singaporean businessman, originally purchased it for $12.5 million in December 2024. However, the property has now been relisted for $16.5 million, or $1,793 per square foot based on the total built-up area. It is also available for lease at $50,000 per month.
According to Jane Tan, group associate director at OrangeTee & Tie and the exclusive marketing agent for the property, freehold heritage buildings zoned for civic, community, or institutional use are rarely available for sale. The building is suitable for various purposes, including as a community club, museum, art gallery, civic institution, or childcare center (subject to approval from relevant authorities). Due to its zoning, the property is only available to local buyers. Tan has already received several enquiries from parties interested in occupying the space, including commercial schools and childcare operators.
She notes that it is becoming increasingly rare to find well-preserved freehold buildings of this size and quality at such an affordable price. Interested buyers can make an offer for the property through private treaty.
Overall, this is an excellent opportunity for buyers looking for a unique and historically significant property in Little India. With its prime location, rich history, and versatile potential, 9 Norris Road is sure to attract plenty of interest.