Savills Singapore, as the exclusive sole marketing agent, is pleased to offer for sale a portfolio of two freehold strata-titled shophouses – 6B Keong Saik Road and 290G Joo Chiat Road.
Both properties are strategically situated in Singapore’s culturally vibrant and historically rich districts. Benefitting from substantial foot traffic and prominent street frontage, these assets are surrounded by bustling commercial activity including popular eateries, boutique hotels, artisanal cafés and creative firms.
6B Keong Saik Road is a strata-titled shophouse unit located on the third floor. Prominently located within the Keong Saik district under the Bukit Pasoh Conservation Area, this shophouse unit enjoys excellent accessibility, with connection to Tanjong Pagar, Outram Park and Maxwell MRT stations just a few minutes’ walk away. The shophouse is currently leased to an established tenant and will be sold with tenancy.
This offering presents a rare opportunity for buyers to own a unit within a conserved heritage shophouse for under S$5 million. Comparable to freehold strata office units, such assets within the CBD are virtually unheard of at this price point – making it an exceptional value proposition for both investors and end-users seeking a distinctive commercial space in a vibrant, character-rich location.
290G Joo Chiat Road is a strata-titled ground floor shophouse with an efficient and flexible layout. Some of the potential uses are F&B takeaway shops, medical, wellness centre, which offers versatility for a range of owner-occupiers. The property presents an attractive opportunity for owner-operators seeking to establish a presence in a thriving enclave. Successful nearby takeaway ventures such as Petit Pain, Olsen Bakehouse, 174 Bingo underscores the commercial potential of this prime location.
Ms. Yap Hui Yee, Executive Director, Investment Sales & Capital Markets, Savills Singapore, says, “Freehold shophouses remain one of the most coveted asset classes among investors and buyers. This portfolio of two freehold strata-titled shophouses – each available for around S$5 million offers a rare and compelling entry point into Singapore’s tightly held shophouse market. Located in two of the city’s most vibrant and sought-after enclaves, Keong Saik and Joo Chiat, these properties present an exceptional opportunity for investors to secure prime assets at a palatable quantum.
Prospective buyers can explore a range of value-add strategies: from capitalising on the F&B takeaway approval at Joo Chiat to enhance rental yields, to enjoying immediate and stable income at Keong Saik, which is currently leased to an established tenant and will be sold with tenancy in place. With strong rental upside and long-term capital appreciation potential, this offering represents both flexibility and rarity in today’s market.”
Both shophouses can be acquired individually or collectively. Interested parties are invited to submit their bids for the properties through an Expression of Interest (EOI) exercise closing 8 May 2025 (Thursday) at 3pm.
