Some commercial property owners in Clarke Quay seem keen to capitalise on the renewed buying interest that has settled as a result of the latest regulatory changes by URA. To catch up, here’s why some Clarke Quay and Beach Road shophouses have become more attractive to investors. With a greater chance of repositioning existing commercial buildings into hotels, hostels, or serviced apartments, a number of commercial properties in the areas identified by URA are now on the market. The latest offering is a portfolio of three refurbished shophouses within the Upper Circular Conservation Area. The three properties at 40 Carpenter Street, 38 North Canal Road, and 32 Hongkong Street are located in the Singapore River Planning Area. They are also within one of the two street blocks identified by URA where new planning permissions for a change of use will be more favourably considered. According to joint marketing agents Cushman & Wakefield (C&W) and CBRE, the buildings...