Savills Singapore has announced the sale of a rare 999-year conservation shophouse located at 8 North Canal Road, in the heart of Singapore’s Raffles Place Financial District. This three-storey property, with an attic, occupies a 953 sq ft land plot and boasts a built-up area of approximately 3,154 sq ft. The shophouse is surrounded by a vibrant mix of heritage buildings, commercial offices, and renowned food and beverage establishments, making it a prime investment opportunity.
The property, meticulously maintained by its long-time owner, retains its original façade and traditional layout, offering a clean and functional interior. It is being sold with vacant possession, allowing investors to explore various commercial uses such as food and beverage, retail, office, or wellness concepts, subject to approval from authorities.
Yap Hui Yee, Executive Director of Investment Sales & Capital Markets at Savills Singapore, highlighted the property’s potential: “Shophouses along 8 North Canal Road have always formed a lively and tightly held stretch. The property presents investors with a rare opportunity to acquire a 999-year shophouse rich in history and character.”
Strategically located near Raffles Place MRT Interchange and Clarke Quay MRT station, the property offers seamless connectivity to the Central Business District. Zoned as “Commercial” under the 2025 Master Plan, the sale is exempt from Seller’s Stamp Duty and Additional Buyer’s Stamp Duty, and is open to foreign buyers and companies.
The indicative guide price for the shophouse is $12.3m (S$16.8m), with the sale conducted through an Expression of Interest exercise closing on 5 December 2025.
