Savills Singapore, as the exclusive marketing agent, is pleased to present a rare portfolio of four commercial conservation shophouses located within the Telok Ayer, Ann Siang and Keong Saik conservation area in the heart of Singapore’s financial districts.
Sitting on freehold and 999-year lands, the four shophouses occupy a combined land area of approximately 6,166 sq ft, with a total floor area of approximately 16,481 sq ft (subject to final survey). They are located along the most coveted Boon Tat Street, Stanley Street, Teck Lim Road and Ann Siang Road. Every property in the portfolio comes with F&B approval, with restaurant use approved on two levels at three of the four properties, a highly sought-after attribute for operators and investors alike.
The shophouses in the portfolio are surrounded by a vibrant mix of heritage shophouses, Grade A offices and well-known dining and lifestyle destinations, including Lau Pa Sat, Amoy Street Food Centre, Maxwell Food Centre, Club Street and Duxton Hill. Prominent landmarks and commercial developments in the vicinity include Tanjong Pagar Centre, Capital Tower and Mondrian Hotel, reinforcing the portfolio’s position within Singapore’s most coveted shophouse precincts.
The properties may be acquired as a portfolio or individually, catering to investors with different mandates and investment objectives.
Ms Yap Hui Yee, Deputy Managing Director, Investment Sales & Capital Markets, Savills Singapore, comments:
“Freehold shophouses in prime CBD locations remain highly sought after, with recent transactions reflecting strong investor appetite for quality assets. Notably, 3 Keong Saik Road achieved S$22 million, or a record S$6,799 psf on floor area, while 85 Circular Road and 261 South Bridge Road transacted at S$5,400 psf and S$5,156 psf respectively.
These transactions demonstrate the premium that buyers are prepared to pay for well-located shophouses with strong investment attributes. Against this backdrop, the opportunity to acquire four freehold shophouses, either individually or as a portfolio, is particularly compelling. With existing F&B approvals, established tenants and potential for further leasing upside, the properties offer the incoming purchasers both immediate income and long-term value.”
The properties are within a short walk of Telok Ayer (DT18), Maxwell (TE18), and Outram Park (EW16/NE3/TE17) MRT stations, offering seamless connectivity to the rest of the CBD, Marina Bay and major city landmarks.
Zoned “Commercial” under the 2025 Master Plan, no Seller’s Stamp Duty (SSD) or Additional Buyer’s Stamp Duty (ABSD) will be applicable. Foreigners and companies are also eligible to purchase.
The indicative guide price for the entire portfolio is S$91.8 million. The sale will be conducted through an Expression of Interest (EOI) exercise, closing on 26 November 2026, 3.00 pm.