A freehold shophouse at 6 Jalan Pisang in Kampong Glam has been put up for sale with an asking price of $9 million. The two-storey conserved shophouse has a built-up area of around 2,000 sq ft, which means the price works out to about $4,500 psf.

Savills Singapore has been appointed as the exclusive marketing agent for the property. Zoned for commercial use, the shophouse currently houses a hair salon on the first floor, while the second floor is vacant, the firm says.

The sale of 6 Jalan Pisang comes amid growing interest in properties outside traditionally high-profile stretches in Kampong Glam such as Haji Lane and Arab Street, observes Yap Hui Yee, executive director for investment sales and capital markets at Savills Singapore.

“Buyers are increasingly looking beyond the main tourist corridors and paying attention to smaller heritage streets with a more curated and distinctive tenant mix,” she says. Yap adds that the quieter streets tend to attract occupiers seeking a more distinct identity and a “less commercialised environment”.

Currently, businesses along Jalan Pisang include old-school bakery Uncle Lee Confectionery, thrift shop-cum-cafe TwoWorld and Nashville-style fried chicken eatery Chix Hot Chicken.

Yap also points out that shophouse transaction activity on Jalan Pisang is rare, with only four caveated transactions since 2014. Many owners have little pressure to divest, especially given the district’s continued evolution into a lifestyle and creative hub, she adds.

The last caveated transaction on Jalan Pisang was the sale of a shophouse with a land area of 815 sq ft that fetched $6.88 million in September 2023.