- Rare freehold shophouse at 235 East Coast Road is on sale via Expression of Interest.
- The property offers development potential, with a possible gross floor area up to 5,716 sq ft.
- The guide price is S$15.5 million, or about S$3,300 per square foot built-up.
A freehold conservation shophouse in the Katong precinct is now open for bids.
Property for Sale
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.
- Land area: about 1,905 sq ft
- Total built-up: about 4,700 sq ft
- Ground floor: leased to a minimart
- Third floor: leased to an office
- Second floor: vacant
Sale Method and Deadline
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.
Location and Current Status
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.”
Development Potential
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.
- Rear extension can be added
- Gross floor area can be increased
- Maximum gross floor area: 5,716 sq ft
- Potential to upgrade facade and attract premium tenants
As quoted in CBRE statement, Clemence Lee described, “They offer a rare blend of heritage charm and modern commercial vibrancy.”
Market Comparison and Guide Price
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.
Purchase Details
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.”
Do you think shophouses like this are a good investment for long-term capital appreciation?
