Spanning a land area of 1,622 sq ft with a 999-year tenure (akin Freehold) and approximately 3,244 sq ft* of built-up area, the property will be sold with vacant possession, providing incoming owners with the flexibility to optimise its use.

Zoned “Commercial” under the Master Plan 2025, the shophouse presents multiple potential change of use opportunities, including F&B establishments, entertainment and lifestyle, wellness concepts, or fitness facilities, subject to the relevant authorities’ approvals.

Located within the culturally rich Jalan Besar precinct, 220 Syed Alwi Road is lined with beautifully conserved shophouses that reflect Singapore’s architectural heritage and charm. The area retains a distinctive old world character while embracing a new wave of creative and hospitality uses – from stylish, design-led hotels such as The Vagabond, managed by Marriott, to artisanal cafés and co-living spaces, making it one of the most dynamic city-fringe neighbourhoods today that attracts both locals and tourists.

Just a stone’s throw away is King George’s Heights, a new HDB development comprising 398 units of 3- and 4-room flats, which will further enhance the residential catchment and daily footfall in the neighbourhood. With the growing population and improved pedestrian flow, the Syed Alwi locale is set to benefit from steady demand and long-term vibrancy.

The area also enjoys strong connectivity, being minutes from Jalan Besar MRT and Lavender MRT stations. Its proximity to the CBD, Bugis, and Little India further enhances its appeal for investors seeking assets with strong rental demand and capital appreciation potential.

“This commercial shophouse presents a rare opportunity to own a property with strong fundamentals and exceptional value-add potential,” said Ms. Yap Hui Yee, Executive Director, Investment Sales & Capital Markets, Savills Singapore. “Given its affordable quantum and freehold-like land tenure, it stands out as an attractive investment in today’s market. The property’s prominent road frontage and strategic location within the Jalan Besar / Lavender conservation enclave make it highly versatile – ideal for conversion into an entertainment lifestyle, F&B, creative or gallery concept. With new residential catchment from developments like King George’s Heights and the area’s ongoing rejuvenation, this asset offers significant upside for both investors and end-users.” added Ms. Yap.

The guide price for 220 Syed Alwi Road is $9.5 mil. Foreigners and companies are eligible to purchase, with no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty payable.

The property is being offered for sale via an Expression of Interest (EOI) exercise closing on 4th December 2025 (Thursday) at 3pm. Interested parties are encouraged to contact Savills Singapore for more details or to arrange site inspections.

*Subject to final survey