Pair of freehold conservation shophouses at Kreta Ayer for sale at $50 mil

By Nadine Yong
/ EdgeProp Singapore |
The adjoining shophouses (in yellow) on Kreta Ayer Road are for sale at an indicative price of $50 mil (Credit: C&H Properties)
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - Two adjoining freehold conservation shophouses located on 43 and 45B Kreta Ayer Road have been put up for sale via expression of interest at an indicative selling price of $50 million or $5,836 psf.
The shophouses, which occupy a 3,160 sq ft plot of land, comprise three storeys and an attic, offering a combined gross floor area (GFA) of 8,568 sq ft. Both units were last refurbished in 2012, with routine repair and re-decorative works undertaken to maintain the properties.
Kreta Ayer Landlens - EDGEPROP SINGAPORE
Source: EdgeProp Landlens
Currently almost fully tenanted, the shophouses have approval for F&B and entertainment use on three levels. “These shophouses are unique in that they are conserved freehold properties. The current owners are looking to sell as they are semi-retired and feel that there is a demand for such shophouses at locations with a rich history like Chinatown,” says Benjamin Peh, associate senior director of C&H Properties, which is marketing the shophouses.
The shophouses are located within the Bukit Pasoh Conservation Area and zoned for commercial use under the 2019 Masterplan. As such, the shophouses are not subject to Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duties (SSD). (Find Singapore commercial properties with our commercial directory)
Prominent developments nearby include Kreta Ayer People’s Theatre, Oriental Plaza and Kreta Ayer Community Centre, with food establishments along the Neil Road and Duxton Road.
Commercial sales transactions - EDGEPROP SINGAPORE
Commercial sales transactions for properties located on Kreta Ayer Road (Source: EdgeProp Research Tool
Check out the latest listings near Kreta Ayer Conservation Area

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More