Freehold 5-storey Shophouse with Attic within the Upper Circular Conservation Area for Sale Via Expression of Interest

Singapore – 23 June 2026 – CBRE, as the exclusive marketing agent, is pleased to offer for sale a freehold 5-storey shophouse with attic within the Upper Circular Conservation Area located at 42 South Bridge Road (the “Asset”). The sale will be conducted through an Expression of Interest (EOI) exercise, which closes on Tuesday, 28 July 2026, at 3pm.

The freehold asset sits on a land area of approximately 1,612 square feet and has a total floor area of approximately 6,430 sq ft. Under the URA Master Plan 2025, it is zoned for “Commercial” use with a Gross Plot Ratio of 4.2.

The shophouse features a well-refurbished façade complemented by modern interiors and regular, efficient floor plates. The Asset has obtained restaurant approval for the ground floor, fifth floor, and attic, which are currently leased to a bar-cum-coffeehouse and a modern East Asian bistro respectively. The third floor is occupied by a contemporary private wine club, while the remaining floors are used as office space.

Located within the Central Business District (CBD) and strategically positioned by two of Singapore’s most popular lifestyle destinations – Boat Quay and Clarke Quay, the Upper Circular Road Conservation Area has consistently attracted a diverse range of businesses over the years. The area is home to a curated mix of several acclaimed restaurants and bars, boutique hotels, offices, and fitness studios, contributing to its dynamic and established commercial appeal. 

The Asset benefits from excellent connectivity, being just a 6-minute walk from Clarke Quay Central, which offers a wide range of amenities, ample parking and direct access to Clarke Quay MRT station. It is also within walking distance of several MRT stations including Raffles Place, Chinatown, City Hall, Telok Ayer, and Fort Canning, providing seamless islandwide connectivity. Accessibility is further enhanced by major expressways such as the Central Expressway (CTE) and Nicoll Highway.

The indicative guide price for 42 South Bridge Road is S$33.4 million, which works out to approximately $5,200 per square foot based on total floor area. As this is a commercial property, foreigners are eligible to purchase, and there will be no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) imposed on the transaction.



Mr Michael Tay (郑兆能), Deputy Managing Director and Head of Capital Markets, Singapore at CBRE, says, “42 South Bridge Road as a notable freehold shophouse asset in the Central Business District, presenting a compelling acquisition opportunity for investors. The property's strategic position at the intersection of several key districts underpins strong demand from both investors and tenants. This location is particularly advantageous, benefitting from the significant working population in the CBD, as well as robust footfall from both locals and tourists.”
 
Mr Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE, says, “The Urban Redevelopment Authority's (URA) recent relaxation of use restrictions is a positive development for the wider Boat Quay and South Bridge Road precinct. This regulatory change offers greater flexibility, potentially allowing surrounding buildings to be converted or redeveloped into hospitality and residential uses. In turn, this is expected to increase visitor and resident density in the vicinity. Over time, the anticipated uplift in activity and spending should support rental growth and drive higher capital values for well-located assets such as 42 South Bridge Road."