CBRE has announced the sale of a freehold conservation shophouse located at 171 Telok Ayer Street, Singapore. The property, a three-storey building with a mezzanine, is situated in the heart of Chinatown and is being marketed through an Expression of Interest exercise, closing on 25 November 2026.
The shophouse is positioned within the Telok Ayer Conservation Area, a bustling enclave in District 1 known for its vibrant F&B and lifestyle offerings. It boasts a prominent frontage along Telok Ayer Street and is surrounded by major office developments such as Frasers Tower and Guoco Tower. The property spans approximately 1,390 sq ft of land, with an estimated total floor area of 4,168 sq ft.
Currently fully occupied, the ground floor houses an established F&B operator, whilst the upper floors are leased to office tenants. The property benefits from a permanent restaurant approval, enhancing its appeal to investors seeking strong rental income. The indicative guide price is S$23.76m, translating to about S$5,700 per square foot.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the scarcity and prestige of freehold conservation shophouses in the area, noting their appeal to corporate investors, family offices, and high-net-worth individuals. Lee stated, “As CBD rejuvenation gathers pace, occupier demand for well-located shophouse space is expected to strengthen.”
The property is well-connected, with proximity to four MRT stations and major expressways, offering seamless access across Singapore. As the CBD evolves into a live-work-play destination, the shophouse is poised to benefit from increased demand and potential capital appreciation.
