A prime opportunity has emerged for investors with the sale of three adjoining two-storey conservation shophouses at 10 Madras Street, Singapore. Marketed by CBRE and Brilliance Capital, the properties are available through an Expression of Interest exercise closing on 2 September 2025. These shophouses, located in the vibrant Little India Conservation Area, span approximately 4,321 sq ft of land with a total floor area of around 9,054 sq ft.
The shophouses boast a 42-metre-wide dual frontage, enhancing their visibility and appeal. They are fully leased to a reputable American company, providing immediate rental income. The indicative guide price is S$20.5 m, equating to approximately $2,264 per square foot. Notably, the properties are zoned as “Commercial,” allowing purchase by both local and foreign buyers without incurring Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
The Little India area has seen significant rejuvenation, with projects like the redevelopment of Tekka Place and the refurbishment of City Square Mall. These developments, along with the upcoming North-South Corridor, are expected to enhance the area’s connectivity and appeal. Clemence Lee of CBRE highlighted the shophouses as a rare investment opportunity, noting their potential for long-term wealth preservation.
Sammi Lim from Brilliance Capital emphasised the property’s low-maintenance appeal and strong tenancy profile. The shophouses also offer potential for value enhancement, such as converting spaces for restaurant or co-living use, subject to approval. With proximity to educational institutions and MRT stations, the properties are well-positioned for future growth and desirability.
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