CBRE has announced the sale of four freehold, ground-floor retail units located in the vibrant Siglap precinct. The sale, managed through an Expression of Interest exercise, will conclude on 30 June 2026. These units, situated at Siglap V, boast a prime corner location with dual frontage on Siglap Road and East Coast Road.
The units are collectively priced at $13m, equating to approximately $3,552 per square foot on the strata area. They span a combined area of about 3,660 square feet and are fully leased, providing immediate rental income. Three units are occupied by a spa and massage establishment, whilst the fourth is leased to a hair salon. Notably, the sale is open to foreigners and corporate entities without the imposition of Additional Buyer’s Stamp Duty.
Michael Tay, Deputy Managing Director and Head of Capital Markets at CBRE Singapore, highlighted the rarity and demand for such properties in the Siglap precinct. “Ground-floor commercial units in the Siglap precinct are highly sought after and rarely available,” he stated. Tay also noted the strong interest from family offices and high-net-worth individuals due to recent interest rate reductions.
The location benefits from significant foot traffic from nearby residential areas and is conveniently accessible, being a short walk or drive from Siglap MRT station. It also offers easy connectivity to key areas like the Central Business District and Orchard Road, as well as major expressways such as the East Coast Expressway.
