Knight Frank Singapore has announced the availability of two rare city-centre commercial properties, catering to investors seeking prime locations with long tenures and income potential. The properties include a ground-floor shop at Nomu and a three-storey conservation shophouse at North Canal Road.
The Nomu property, a freehold strata commercial unit, spans approximately 1,335 square feet and is strategically located near Dhoby Ghaut MRT station. It benefits from proximity to popular shopping destinations like Plaza Singapura and The Cathay, offering immediate rental income due to its current tenancy.
Meanwhile, the North Canal Road shophouse, held on a 999-year tenure, covers a site area of about 953 square feet with a gross floor area of 3,154 square feet. Situated in the Boat Quay Conservation Area, it is surrounded by a vibrant mix of commercial establishments and is a short walk from Raffles Place and Clarke Quay MRT stations.
Both properties offer flexibility for various commercial uses, including offices, retail, and wellness centres, subject to approvals. Notably, foreign buyers can acquire these assets without incurring Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
Mary Sai, Executive Director of Capital Markets at Knight Frank Singapore, stated, “Freehold and near-freehold commercial opportunities remain limited in Singapore, particularly within established city-centre precincts where supply is naturally constrained. This scarcity has supported sustained interest from private investors, family offices and owner-occupiers seeking assets that combine wealth preservation with future upside.”
These properties present a unique opportunity for investors to secure assets in Singapore’s coveted commercial precincts, offering both scarcity and potential for future growth.
