CBRE, as the exclusive marketing agent, is offering for sale a newly-developed, part three, part six-storey conservation shophouse with a rear extension located at 13 Upper Circular Road. Located within the Upper Circular Road Conservation Area, the subject property will come with a fresh 99-year leasehold tenure from September 2022. The sale will be conducted through an Expression of Interest exercise which closes on Tuesday, 11 April 2023, at 3pm.

13 Upper Circular Road has an indicative guide price of $24.2 million that works out to about $3,300 per square foot on the total floor area.

Bearing the prestigious District 1 address within the Central Business District (CBD), 13 Upper Circular Road sits on a 1,752 square foot site and has a total floor area of approximately 7,333 square feet. Retrofitted with premium specifications, the shophouse features regular and efficient floor plates with generous floor-to-ceiling heights, windows at the front and rear that allow ample natural lighting to permeate through the asset and a passenger lift that serves all six floors.

Mr Clemence Lee (利伟强), Executive Director, Capital Markets, Singapore at CBRE, says, “Due to the rich history of shophouses within the Singapore River Planning Area, such assets are typically tightly held and rarely made available for sale. Given the extensive asset enhancement initiative (AEI) and refurbishment works done to improve the property, as well as the renewal of the lease to a fresh 99-year tenure, we believe that the asset will garner strong interest from astute investors and owner-occupiers who are looking to own a timeless heritage asset within one of Singapore’s most coveted districts. The extensive works that were carried out also translates to lower future capital expenditure requirement and greater cost savings for the incoming investor.”

To request a copy of the Information Memorandum please contact the marketing agent Mr Clemence Lee (利伟强), Executive Director, Capital Markets, Singapore at CBRE via the contact details below. 

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Shop House for sale within prestigious District 1 address Upper Circular Road Conservation Area exclusively by CBRE Singapore