Two adjoining strata-titled shophouses at 28 and 30 Dickson Road are now on the market through an expression of interest (EOI) exercise, with a guide price set at $9m. The sale is being managed by Huttons Asia Pte Ltd, a prominent real estate agency in Singapore.
The shophouses, each with a strata area of 111 and 113 square metres respectively, total 2,411 square feet. This translates to a guide price of $3,733 per square foot. Both properties are on a 999-year leasehold, zoned for commercial use, and currently leased to a restaurant operator.
According to Yeo Khee Liang, Associate Senior Marketing Director, and George Tan, Director of Corporate Sales and Marketing at Huttons, the configuration of two adjoining units offers investors the opportunity to secure stronger rental returns compared to a single shophouse. This setup also provides the flexibility to sell the units individually in the future.
Foreign investors are eligible to purchase these properties, as they are on land zoned for commercial use. Lee Sze Teck, Senior Director of Data Analytics at Huttons, noted, “With interest rates falling, interest in shophouses has picked up. The conflict in the Middle East may see some wealth flowing into this rare asset class.”
The EOI exercise is scheduled to close on 7 May 2026 at 4pm, offering potential buyers a limited window to express their interest in these unique properties.
