A portfolio of three newly refurbished boutique commercial buildings in Singapore’s Central Business District (CBD) is now available for purchase. Jointly marketed by Cushman & Wakefield and CBRE, the properties are located in the Upper Circular Conservation Area and come with fresh 99-year leasehold tenures. These buildings present an opportunity for investors to acquire income-generating assets with the potential for hospitality-led repositioning, subject to approval from relevant authorities.
The properties, situated near Raffles Place, Clarke Quay, and Chinatown, have undergone extensive refurbishment and are fully operational, offering immediate rental income. Each building is strategically positioned to attract a diverse tenant pool, including financial institutions, professional services firms, and lifestyle operators. The properties are well-connected by multiple MRT stations, enhancing their appeal.
Sophia Lim, Director of Capital Markets at Cushman & Wakefield Singapore, highlighted the unique opportunity these assets present, stating, “These assets represent a new generation of conserved shophouses, offering the charm of heritage buildings with modern functionality.” Clemence Lee, Executive Director of Capital Markets at CBRE Singapore, added that there is potential to convert the properties into approximately 450 beds for backpacker or student hostels, or alternatively, boutique hotels or serviced flats.
The portfolio is offered at a guide price of approximately $90m and can be acquired collectively or individually. The sale will be conducted via an Expression of Interest exercise, closing on 18 August 2026. Interested parties are encouraged to contact Cushman & Wakefield and CBRE for further information.
