CBRE has announced the sale of a pair of adjoining two-storey freehold conservation shophouses with a six-storey rear extension at 155 Kitchener Road, Singapore. The sale will be conducted through an Expression of Interest exercise, closing on 11 June 2026 at 3pm. These properties, located in the vibrant Farrer Park/Jalan Besar district, offer a combined land plot of approximately 2,713 square feet and a total floor area of 8,175 square feet.
The shophouses, which are fully tenanted, provide immediate rental income. The ground floor is occupied by a restaurant, whilst the upper floors house a gym and offices. The indicative guide price for these properties is S$28m. Situated in a bustling area known for its mix of traditional and modern eateries, the location is a popular destination for both locals and tourists.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the investment potential of the properties, noting their freehold tenure and versatile floor plans. “These assets are increasingly viewed as defensive additions to sophisticated portfolios,” he stated. The area is set to benefit from ongoing residential developments, which are expected to boost local demographic density and consumer spending.
The properties are well-connected, with a bus stop 70 metres away and two MRT stations within walking distance. The site’s proximity to major roads ensures easy access across the island, making it a strategic investment opportunity.
