ETC, a member of the Realion Group, has announced the sale of two adjoining double-storey shophouses located along Syed Alwi Road in the bustling Jalan Besar precinct. The sale will be conducted through an Expression of Interest (EOI) exercise, closing on 29 January 2026 at 3pm.
The shophouses, situated near the junction of Jalan Besar and Syed Alwi Road, are each set on a land area of approximately 105 square metres and offer a floor area of about 185 square metres. The combined guide price for both properties is S$9.2m, equating to around S$2,305 per square foot on the floor area. These properties can be purchased individually or collectively.
According to Swee Shou Fern, Head of Investment Advisory at ETC, the Jalan Besar area has seen increased investor interest due to its transformation from a hardware-centric area to a vibrant commercial and lifestyle hub. “Today, the area’s long-term investment appeal is underpinned by a combination of heritage character, location and the broadened mix of uses, which continue to generate strong and sustained footfall and demand,” she stated.
The area is known for its diverse dining options, co-working spaces, and boutique hotels, further enhancing its commercial appeal. In 2025, District 8 accounted for 31% of the total shophouse transactions in Singapore, with 24 out of 77 transactions, according to URA records.
These shophouses are not subject to Additional Buyer’s Stamp Duty or foreign ownership restrictions, making them attractive to both investors and owner-occupiers.
