“Demand for such conservation shophouses in the CBD, primarily in District 1 is strong,” he adds. “The preference is for 999-years or freehold properties located in the Telok Ayer Conservation Area such as Amoy Street, Stanley Street, Telok Ayer Street and Boon Tat Street, as these are near the new Grade-A office buildings such as Guoco Tower at Tanjong Pagar Centre, Frasers Tower, OUE Downtown and upcoming 79 Robinson Road.”