A unique opportunity has arisen for investors with the launch of a prime 4-storey commercial shophouse at 38 Circular Road, Singapore, for sale at a guide price of S$28m. Marketed by Brilliance Capital, the property is available through an Expression of Interest (EOI) process.
Located in the bustling Circular Road enclave, the shophouse benefits from its proximity to Clarke Quay, Raffles Place, and Telok Ayer MRT stations. This strategic position places it amidst a vibrant mix of office towers, financial institutions, and lifestyle venues, making it particularly appealing to food and beverage (F&B) operators and retail concepts.
The conserved shophouse, with a land area of approximately 1,141 sq ft and a built-up area of about 4,402 sq ft, is zoned for full commercial use. It offers flexibility for various uses, including F&B, retail, and wellness concepts. Notably, the property boasts a 999-year tenure, enhancing its appeal for long-term investment. It is exempt from Additional Buyer’s Stamp Duty (ABSD) and foreign ownership restrictions.
Currently, the ground floor hosts a popular Japanese soba restaurant, whilst the upper floors accommodate a wellness operator and an interior design firm. One level has been refurbished for potential owner-occupation. The property underwent significant refurbishment in 2023, enhancing its interior and exterior features.
Sammi Lim, Founder and Executive Director of Brilliance Capital, highlighted the area’s transformation into a refined commercial hub. She noted the strong appeal of conservation shophouses, especially amidst global uncertainties, and the growing interest from international investors. The EOI for 38 Circular Road closes on 6 May 2026.
