A prime three-storey commercial building at 535 Kallang Bahru, Singapore, is now on the market, offering significant redevelopment potential. The sale, managed by CBRE and Cushman & Wakefield, will be conducted through an Expression of Interest exercise closing on 22 April 2026.
The property, occupying a 22,283 square foot plot, currently boasts a gross floor area of 36,207 square feet. It is nearly fully occupied by tenants such as a restaurant, fitness centre, and offices, providing immediate rental income. Under the Urban Redevelopment Authority’s Master Plan 2025, the site is zoned for commercial use, with potential to expand the gross floor area to 66,850 square feet, subject to approvals.
Located in the Geylang Bahru precinct, the building benefits from dual street frontage and proximity to Geylang Bahru MRT station, major expressways, and a robust bus network. This strategic location offers easy access to Singapore’s Central Business District.
Joshua Giam, Director of Capital Markets at CBRE, highlighted the site’s versatility, stating it offers “significant upside potential through creative repositioning or a full-scale redevelopment.” Sophia Lim, Director of Capital Markets at Cushman & Wakefield, noted the area’s growth, driven by government rejuvenation plans and new residential projects.
The guide price for 535 Kallang Bahru is S$55m, equating to approximately S$1,519 per square foot on its existing gross floor area. This sale presents a timely opportunity for investors to capitalise on the precinct’s transformation. Interested parties are encouraged to contact the marketing agents for further details.
