Cushman & Wakefield has announced the sale of two prime shophouses located at 54 and 56 Pagoda Street in Singapore’s Chinatown. These heritage properties, known for their strategic location and high foot traffic, are being offered through an Expression of Interest (EOI) exercise, closing on 1 April 2026.
The shophouses, situated in the bustling heart of Chinatown, boast a combined land area of approximately 3,011 square feet and a total built-up area of about 9,162 square feet. The ground floors are approved for retail use, benefiting from an established Outdoor Refreshment Area that enhances trading capacity. The upper floors, let to office tenants, feature modern finishes and abundant natural light, making them highly appealing.
Sophia Lim, director at Cushman & Wakefield, highlighted the rarity of such opportunities, stating, “Pagoda Street is arguably the most coveted address within Chinatown… Opportunities to acquire adjoining conserved shophouses on this street are rare.” The properties’ proximity to the Chinatown MRT Interchange further enhances their appeal.
The guide price for the shophouses is set at S$32.5m, with an estimated yield of 3.5% on the asking price. Notably, there is no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty applicable, and both foreigners and companies are eligible to purchase.
Shaun Poh, Executive Director at Cushman & Wakefield, noted the sustained demand for such assets, emphasising their resilience as long-term investments. Interested parties are encouraged to contact Cushman & Wakefield for more information before the EOI deadline.
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