A rare freehold conservation shophouse at 235 East Coast Road in Katong is being sold for S$15.5 million, offering development potential and prime commercial location.
KEY POINTS
IN SIMPLE TERMS
A heritage three-storey shophouse in the popular Katong area is up for sale. It has two tenants (a minimart and an office) and one empty floor, with room to expand and improve. The asking price is S$15.5 million.
WHY IT MATTERS
WHERE DO YOU STAND?
Do you think heritage shophouses like this one represent a sound long-term investment despite their premium price tags?
👍 👎 Vote ↓A freehold conservation shophouse in the Katong precinct is now open for bids.
According to CBRE, a rarely available freehold shophouse at 235 East Coast Road is on the market.
The building is a three-storey conservation shophouse in the well-known Katong precinct.
CBRE is the exclusive marketing agent for this commercial property.
The sale is conducted by Expression of Interest (EOI).
The EOI exercise closes on Wednesday, 16 July 2025, at 3pm.
The EOI exercise will accept submissions until the deadline.
The shophouse enjoys a prime spot along East Coast Road, in the lively and historical Katong area.
It has great street frontage, high visibility, and steady footfall from the bustling neighbourhood.
This area is a dynamic lifestyle destination with eateries, cafes, boutiques, and other services nearby.
It is well connected by many bus routes and is close to Marine Parade MRT station on the Thomson-East Coast Line.
As stated in the CBRE document, Clemence Lee, Executive Director of Capital Markets Singapore at CBRE, mentioned, “Shophouses along East Coast Road, particularly in the Katong area, are highly coveted.”
The property is zoned commercial with Plot Ratio 3.0 under the URA Master Plan 2019.
It is a secondary conservation shophouse, so addition and alteration (A&A) works are possible.
As quoted in CBRE statement, Clemence Lee described, “They offer a rare blend of heritage charm and modern commercial vibrancy.”
Nearby shophouses have seen strong sales recently:
| Address | Date Sold | Price (S$) | Price per sq ft |
|---|---|---|---|
| 207 East Coast Road | Dec 2024 | 10 million | 3,703 |
| 183 East Coast Road | Feb 2024 | 10.3 million | 3,433 |
The guide price for 235 East Coast Road is S$15.5 million or about S$3,300 per sq ft built-up.
The property is located in the Katong precinct and offers size and development potential.
The shophouse is purely commercial, so both foreigners and companies may purchase it.
No Additional Buyers Stamp Duty (ABSD) or Sellers Stamp Duty (SSD) applies.
The property offers potential for rental income and capital appreciation.
According to CBRE, Clemence Lee from CBRE said, “235 East Coast Road presents an exceptional opportunity to acquire a piece of Singapore’s heritage in a thriving commercial hub.”
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Do you think heritage shophouses like this one represent a sound long-term investment despite their premium price tags?
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