CBRE has announced the sale of a unique portfolio comprising four HDB shophouse units located in the prime areas of Bras Basah and Lavender, Singapore. The sale, managed exclusively by CBRE, will be conducted via an Expression of Interest exercise, closing on 3 September 2026 at 3pm. Investors have the option to acquire the properties either individually or as a collective portfolio.
The shophouse units, strategically positioned in mature estates, boast a combined strata area of approximately 6,609 square feet and are listed at a total guide price of $13.4 million. Michael Tay, Deputy Managing Director and Head of Capital Markets at CBRE, highlighted the scarcity and appeal of such assets, noting, “There are only about 8,500 privately held HDB shophouses in Singapore, making them a highly sought-after asset class.”
The Bras Basah offering includes two full-commercial units at 231 Bain Street, featuring prominent frontages and steady foot traffic. One unit is currently occupied by a Korean minimart, whilst the other is leased to a language school. Meanwhile, the Lavender offering consists of two adjacent ground-floor units at 803 King George’s Avenue, leased to a café-gallery concept.
Joshua Giam, Director of Capital Markets at CBRE, mentioned the investment potential, stating, “With a palatable quantum starting from $3.6m, investors have the opportunity to enhance returns through rental upside and potential space subdivision.”
The strategic locations and potential for value enhancement are expected to attract significant interest from both individual investors and portfolio buyers.
