Diversified Portfolio of HDB Shophouse Units Across Two Locations For Sale via Expression of Interest

Singapore – 12 August 2026 – CBRE, as the exclusive marketing agent, is pleased to present a rare opportunity to acquire a portfolio of four HDB shophouse units across two sought-after locations: Bras Basah and Lavender. The sale will be conducted through an Expression of Interest exercise, which closes on Wednesday, 9 September 2026, at 3pm. The assets in the portfolio can be acquired individually or collectively.  

The HDB shophouse units are strategically located within the mature estates of Bras Basah and  Lavender, benefitting from prominent frontages and strong pedestrian traffic. Together, they comprise a combined strata area of approximately 6,609 sq ft and are offered at a total guide price of $13.4 million.

Mr Michael Tay (郑兆能), Deputy Managing Director and Head of Capital Markets, Singapore at CBRE, says, “There are only about 8,500 privately held HDB shophouses in Singapore, making them a highly sought-after asset class. The defensive nature of HDB shophouse investments appeals to investors seeking stable income-generating opportunities. Over the last four years, HDB town centres have remained vibrant as more people work from home and increasingly patronise neighbourhood retail offerings.

Being fully tenanted, the portfolio presents a rare opportunity for investors to acquire prime HDB shophouses that offer resilient income streams, alongside potential for rental upside for incoming owners”.

The first offering comprises two full-commercial HDB shophouse units within Bras Basah Complex at 231 Bain Street. Centrally located between the city centre between the Civic District and the bustling Bugis precinct, the units benefit from a steady flow of foot traffic. The offering comprises a ground-floor unit and a Level 2 unit with strata areas of approximately 1,916 sq ft and 2,777 sq ft respectively. The corner ground floor unit enjoys prominent frontage facing Raffles Hotel, one of Singapore’s most iconic and hospitality landmarks, and is currently tenanted to a Korean minimart. The Level 2 unit is a corner unit with dual frontage, located directly beside the staircase and currently leased to a language school.


Pictured above: Level 1 unit at Bras Basah Complex (231 Bain Street)


Pictured above: Level 2 unit at Bras Basah Complex (231 Bain Street)

The second offering comprises two adjacent ground-floor HDB shophouse units at 803 King George’s Avenue. Together, the assets have a combined strata area of approximately 1,916 sq ft and are currently leased to a café-gallery concept. The surrounding precinct has undergone rejuvenation in recent years and is now home to a growing cluster of lifestyle cafés and fitness centers. The property is also within walking distance to Lavender MRT Station and benefits from ample parking lots in the vicinity.



Mr Joshua Giam (严耀祥), Director of Capital Markets, Singapore at CBRE says, “With a palatable quantum starting from $3.6 million for the assets at 803 King George’s Avenue and $9.8 million for the assets at 231 Bain Street, investors have the opportunity to enhance returns through rental upside and the potential to subdivide the existing space to accommodate additional tenants.

Subject to the relevant authorities’ approval, the assets may also be suitable for a range of alternative uses, including F&B, fitness centres, medical clinics and co-living, among others.

Given the assets’ strategic locations, prominent frontages and potential for value enhancement, we expect strong interest from both individual investors and portfolio buyers in this Expression of Interest exercise”.