9999-year Tenure Corner 3-Storey Shophouse along MacPherson Road and Jalan Wangi For Sale Via Expression of Interest

Singapore, 22 May 2025 – CBRE, as the exclusive marketing agent, is offering for sale a 9999-year tenure 3-storey shophouse at 1 Jalan Wangi. The sale will be conducted via an Expression of Interest exercise which closes on Wednesday, 18 June 2025, at 12pm.

Situated at the junction of MacPherson Road and Jalan Wangi, the asset sits on a site of approximately 2,944 sq ft and has an estimated Gross Floor Area (GFA) of 4,800 sq ft. Held under a 9999-year tenure, this opportunity is ideal for owner-occupiers or investors seeking stable rental income and further capital growth. The 3-storey shophouse is currently tenanted to a retailer on the ground floor and an established co-living operator on levels 2 and 3.

Located in Sennett Estate, the asset benefits from the working crowd from the industrial estate in its immediate vicinity. The property is within 10 minutes’ walk from Potong Pasir MRT Station.

The guide price is S$7.8 million, which translates to approximately S$1,625 per square foot based on the estimated gross floor area.



Mr Michael Tay (郑兆能), Deputy Managing Director and Head of Capital Markets, Singapore at CBRE, says, “Shophouses along MacPherson main road are hard to come by and this opportunity is ideal for investors looking to capitalise on strong rental upside and capital appreciation. Due to its accessibility and proximity to the industrial estates, CBRE expects strong occupancy for the residential component from employees that work in the vicinity. Moreover, the incoming buyer can enjoy immediate rental income upon acquisition as the property is fully-tenanted.”

Shophouses in the area are limited in supply as most properties in the area are landed residential or industrial properties.

Mr Joshua Giam (严耀祥), Director of Capital Markets, Singapore at CBRE, says “We have been seeing strong demand from local High Net Worth individuals looking for shophouses in the city fringe. The incoming buyer can explore different value-add options such as converting the ground floor to alternative uses such as gym, medical clinic amongst others, subject to approval from relevant authorities. With a dual frontage on the ground floor, the incoming buyer can also in future explore leasing to two retail tenants to maximise rental income”.

1 Jalan Wangi is located close to reputable institutions such as Cedar Girls’ Secondary School and St. Andrew’s Junior College, as well as key amenities such as The Venue Shoppes, The Poiz Centre, MacPherson Mall, and The Woodleigh Mall. It is also well-connected to other key areas of Singapore, within 15 minutes’ drive from the Central Business District (CBD) and Orchard Road, and in close proximity to major expressways such as the Pan-Island Expressway (PIE) and Central Expressway (CTE).