— CBRE, as the exclusive marketing agent, is offering for sale seven adjoining freehold 2-storey conservation shophouses with 3rd storey rear extensions located at the prominent intersection of Joo Chiat Road and East Coast Road. The properties comprise 452, 454, 456, 458, 460, 462, and 464 Joo Chiat Road. The sale will be conducted via an Expression of Interest exercise, which closes on Thursday, 24 September 2026, at 12pm.
The seven adjoining shophouses sit on a combined land area of approximately 8,442 sq ft and have an existing gross floor area (GFA) of approximately 15,056 sq ft. Under the Master Plan 2025, the site is zoned “Commercial” with a plot ratio of 3.0 and a maximum allowable GFA of approximately 25,326 sq ft. As the asset is located within the Joo Chiat Secondary Settlement Conservation Area, there is potential to maximise the GFA through the addition of a 5-storey rear extension, subject to relevant authorities’ approvals.
The guide price is S$100 million, translating to approximately S$3,948 per sq ft based on the maximum allowable GFA. The property is available for purchase by both local and foreign buyers, subject to approvals from relevant authorities. No Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) will be payable on purchase.
The asset benefits from rare permanent F&B approvals for several of the shophouses. The shophouses are fully tenanted to a range of reputable occupiers, including Encore Muay Thai, Little Gryphons Montessori, PRAIRIE by Craftsmen (Joo Chiat), The Melting Pot and Cheeers Bistro & Bar.
Situated at the gateway to the Joo Chiat precinct, the property enjoys a prominent position within a well-established lifestyle and heritage destination that continues to attract strong visitor and consumer traffic. Predominantly an affluent residential district characterised by colourful shophouses, the East Coast/Joo Chiat precinct has established itself as a vibrant lifestyle enclave.
Home to an array of acclaimed eateries, trendy cafés and rich Peranakan and Eurasian heritage, the precinct is a popular destination among locals, tourists and expatriates alike. Visitors are drawn to its distinctive dining concepts, charming streetscapes and unique cultural offerings. Well-known longstanding F&B establishments in the precinct include AliBabar, Awfully Chocolate and Sin Heng Claypot Bak Koot Teh.
The precinct also benefits from its proximity to popular food, heritage, and lifestyle destinations such as East Coast Park, Geylang Serai, and Paya Lebar. Nearby major retail amenities including i12 Katong, Parkway Parade and Roxy Square contribute to sustained footfall and commercial activity within the precinct.
Mr. Joshua Giam (严垣祺), Director of Capital Markets, Singapore at CBRE, says, “The row of seven shophouses at 452–464 Joo Chiat Road represents a rare trophy asset in one of Singapore’s most sought-after lifestyle destinations. Fully tenanted, the property offers immediate rental income and potential for further rental and capital appreciation as the Joo Chiat precinct continues to evolve.
We expect strong interest given the rarity of seven freehold conservation shophouses being offered as a contiguous row, particularly with existing permanent F&B approvals in place for several of the shophouses. Subject to the relevant authorities’ approvals, there is also scope to maximise the allowable GFA through a rear extension of up to five storeys, which could accommodate commercial uses or serviced apartment accommodation.
Combining scarcity, income stability and value-add potential, 452–464 Joo Chiat Road presents a compelling opportunity to acquire a landmark conservation asset with strong long-term growth prospects.”
452–464 Joo Chiat Road is a stone’s throw from key amenities including i12 Katong, Parkway Parade, Joo Chiat Complex, Haig Girls’ School, Tanjong Katong Girls’ School and CHIJ (Katong) Primary. The property is also approximately an 8-minute walk from Marine Parade MRT station on the Thomson-East Coast Line. It enjoys excellent connectivity to other key areas of Singapore, being approximately a 15-minute drive from the Central Business District (CBD) and within close proximity to major expressways such as the East Coast Parkway (ECP) and Kallang-Paya Lebar Expressway (KPE).
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Release ID: 89201386
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.