CBRE has announced the sale of a 999-year conservation shophouse located at 24 Ann Siang Road, Singapore. This three-storey property, complete with a basement and attic, is being offered via an Expression of Interest exercise, closing on 26 November 2025. The shophouse, which spans approximately 4,446 square feet, is fully leased to boutique offices and is situated in a prime location within Singapore’s Central Business District.
The property is part of the prestigious Ann Siang Hill enclave, known for its mix of exclusive bars, high-end restaurants, and upscale boutiques. Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the rarity and desirability of such assets, noting their appeal to both investors and owner-occupiers. “Shophouses in the Club Street / Ann Siang area are commonly recognised as ‘trophy assets’,” Lee stated, referencing a recent sale in the area for $15.3m (S$21m).
The shophouse benefits from excellent connectivity, being within walking distance of four MRT stations, including Maxwell and Telok Ayer. This strategic location is expected to drive robust rental growth and long-term capital appreciation. The guide price is set at $15.3 million (S$21m), translating to approximately $3,440 (S$4,723) per square foot. As a commercial property, it is open to foreign buyers and companies without the imposition of Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
