ETC has announced the sale of five adjoining three-storey conservation shophouses located on Temple Street in Singapore’s vibrant Chinatown. The properties, collectively priced at $65m (S$90m), are available to both local and foreign buyers without the imposition of Additional Buyer’s Stamp Duty or Seller’s Stamp Duty. The sale will be conducted through an Expression of Interest exercise, closing on 8 July 2025.
Situated within the Kreta Ayer Conservation Area, these shophouses boast a total land area of 559.2 sq m and a built-up area of 1,402.3 sq m. Currently operating as The Inn at Temple Street, a 42-key boutique hotel, the property benefits from a 999-year leasehold tenure. Under the Urban Redevelopment Authority’s Master Plan 2019, the site is zoned for commercial use, allowing for diverse applications such as retail, hospitality, and office spaces.
Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the property’s unique attributes, stating, “The subject property offers a compelling blend of historical charm, prized hotel approval, near freehold-equivalent tenure and five separate land titles – a robust combination that’s nearly impossible to replicate in Singapore’s tightly held shophouse market.”
The strategic location near Chinatown MRT Interchange enhances its appeal, providing excellent connectivity and high foot traffic. The property’s corner position offers significant street visibility, with potential for creative enhancements such as a statement mural, subject to approval.
This sale represents a rare opportunity for investors to acquire a landmark asset in one of Singapore’s most culturally significant areas. The flexibility of individual land titles allows for various development possibilities, from standalone shophouses to innovative lifestyle concepts.
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