Commercial conservation shophouse along Syed Alwi Road up for sale at $9.5 mil
The shophouse (middle) at 220 Syed Alwi Road up for sale via EOI. (Source: Savills Singapore)
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A 999-year leasehold shophouse at 220 Syed Alwi Road is going for sale via expression of interest (EOI) with a guide price of $9.5 million, according to Savills Singapore, the exclusive marketing agent for the property.
Situated along a row of other conserved shophouses in District 8, the two-storey shophouse has a land area of 1,622 sq ft with a built-up area of 3,244 sq ft. The guide price of $9.5 million translates to $2,928 psf based on the built-up area.
Under the URA Master Plan 2025, the asset is zoned for commercial use, allowing foreigners and companies to purchase it without paying additional buyer’s stamp duty or seller’s stamp duty.
As it is being sold with vacant possession, owners have the flexibility to explore and change its use. According to Savills, the shophouse can be converted for F&B use or for entertainment, lifestyle, wellness or fitness facilities, subject to approval by the relevant authorities.
The property is near King George’s Heights, a new HDB Build-to-Order project slated for completion by 3Q2027, and within walking distance of the Jalan Besar MRT Station (Downtown Line) and Lavender MRT Station (East-West Line). It is also surrounded by artisanal cafes and just across the road from the Marriott-managed boutique hotel, The Vagabond Club.
Yap Hui Yee, executive director for investment sales and capital markets at Savills Singapore, is the marketing agent for the property. The EOI exercise will close on Dec 4 at 3pm.
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