CBRE has announced the sale of seven adjoining freehold two-storey conservation shophouses located at the intersection of Joo Chiat Road and East Coast Road in Singapore. The sale, conducted via an Expression of Interest exercise, will close on 24 September 2026 at 12pm.
The properties, which include 452 to 464 Joo Chiat Road, cover a combined land area of approximately 8,442 sq ft with an existing gross floor area of 15,056 sq ft. Under the Master Plan 2025, the site is zoned for commercial use with a plot ratio of 3.0, allowing for a maximum gross floor area of 25,326 sq ft. There is potential for a five-storey rear extension, subject to approval from relevant authorities.
The guide price is set at S$100m, equating to about S$3,948 per sq ft based on the maximum allowable gross floor area. The property is available to both local and foreign buyers without the need for Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
The shophouses are fully tenanted by reputable businesses, including Encore Muay Thai and Little Gryphons Montessori, providing immediate rental income. Joshua Giam, Director of Capital Markets at CBRE, highlighted the asset’s potential for rental and capital appreciation, stating, “The row of seven shophouses at 452–464 Joo Chiat Road represents a rare trophy asset in one of Singapore’s most sought-after lifestyle destinations.”
Located near key amenities and transport links, the property is an eight-minute walk from Marine Parade MRT station and a 15-minute drive from the Central Business District.
