Savills News

Savills Singapore launches rare pair of refurbished shophouses in Chinatown for sale

Savills Singapore, as the exclusive marketing agent, has launched for sale 277/279 South Bridge Road, a rare pair of adjoining refurbished shophouses in the Chinatown Conservation Area.

Savills Singapore, as the exclusive marketing agent, has launched for sale 277/279 South Bridge Road, a rare pair of adjoining refurbished shophouses in the Chinatown Conservation Area.

Sitting on a combined land area of approximately 2,847 sq ft and a total built-up area of about 8,259 sq ft, the shophouses are zoned “Commercial” under the Master Plan 2025. 

The beautifully retrofitted shophouses have been refurbished with high-quality finishes, including marble flooring across various interior spaces. The property will be sold with existing tenancies, providing investors with immediate rental income. The shophouses are currently anchored by Gunkee, a well-established F&B operator with a strong brand following, which contributes to consistent footfall all day round.

South Bridge Road has evolved into a vibrant lifestyle corridor, home to premium co-working operator The Great Room, established co-living brand ST Signature, and heritage pastry brand Tong Heng. These are located alongside well-known names such as Ya Kun Kaya Toast, Nanyang Old Coffee, and Rise Bakehouse. Recent market activity in the vicinity highlights sustained investor appetite for well-located conserved shophouses, with nearby properties achieving strong transactions and high investor interest.

The property enjoys prominent street frontage and high pedestrian visibility, and is within walking distance to Chinatown (DT19/NE4) and Maxwell (TE18) MRT stations, benefitting from excellent connectivity and a strong catchment of office workers, locals, and tourists.

Ms. Yap Hui Yee, Executive Director, Investment Sales & Capital Markets, SAVILLS Singapore, said: “South Bridge Road benefits from a unique dual catchment, serving both tourists visiting the Chinatown precinct and the large population of working professionals from the nearby Central Business District (CBD). Its strong street presence within a highly activated heritage enclave, coupled with stable tenancy and immediate income, positions this pair of shophouses as an attractive opportunity to secure a well-located heritage asset bridging Chinatown and the city core.”

There will be no Seller’s Stamp Duty (SSD) or Additional Buyer’s Stamp Duty (ABSD) applicable. Foreigners and companies are also eligible to purchase.

The property will be sold via an Expression of Interest (EOI) exercise closing on 1 April 2026 at 3pm.

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