CBRE announces the sale of a freehold three-storey conservation shophouse at 235 East Coast Road, Singapore. The property, located in the bustling Katong precinct, is available through an Expression of Interest exercise closing on 16 July 2025 at 3pm.
The shophouse, with a land area of approximately 1,905 square feet and a total built-up area of around 4,700 square feet, is strategically positioned in one of Singapore’s most dynamic and historically rich neighbourhoods. Currently, the ground floor is leased to a minimart, the third floor to an office, whilst the second floor remains vacant. The property is zoned for commercial use with a Plot Ratio of 3.0, offering potential for addition and alteration works to increase its gross floor area to 5,716 square feet.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the property’s unique appeal: “Shophouses along East Coast Road, particularly in the Katong area, are highly coveted. They offer a rare blend of heritage charm and modern commercial vibrancy.”
The location is a major draw, known for its eclectic mix of eateries, cafés, boutiques, and essential services, alongside excellent connectivity via bus routes and the nearby Marine Parade MRT station. The guide price for the shophouse is $11.3m (S$15.5m), translating to approximately $2,400 (S$3,300) per square foot on its existing built-up area. Notably, the property is open to foreign and corporate buyers without additional stamp duties.
This sale presents a compelling proposition for those seeking a distinctive asset with strong potential for rental income and capital appreciation in one of Singapore’s most beloved districts.
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