Portfolio of four assets located in the city-fringe and suburban heartlands for sale via Expression of Interest

Singapore, 23 September 2025 – CBRE Pte Ltd (“CBRE”), as the exclusive marketing agent, is presenting for sale a rare portfolio of four properties located at 155 Kitchener Road, 329 Changi Road, 362 Tanjong Katong Road, and 1 & 1B Figaro Street (collectively referred to as “the Properties”). The sale will be conducted via an Expression of Interest exercise, which will close on Wednesday, 5 November 2025, at 3pm. 

Strategically positioned within dynamic city-fringe districts and established residential enclaves such as Kallang, Marine Parade, and Bedok, the Properties are well-supported by densely populated catchment areas and a wide array of F&B options, service amenities, and key transportation infrastructure within the vicinity. The assets command prestigious freehold or long-leasehold tenures and feature excellent specifications, such as prime corner frontages, prominent main road visibility, or highly sought permanent “Restaurant” use approvals. Furthermore, the Properties are currently tenanted by a diverse mix of occupiers, providing the incoming investor with stable and immediate rental income.

The indicative guide price for the entire portfolio is S$78 million, and the Properties can be acquired collectively or on an individual basis. More information about the portfolio is tabled below:

Portfolio Summary
Property	155 Kitchener Road	329 Changi Road	362 Tanjong Katong Road	1 & 1B Figaro Street
Description	A pair of 2-storey conservation shophouses with 6-storey rear extension	4-storey mixed-use building	2-storey conservation shophouse	Two adjoining ground floor strata retail units
Master Plan 2019	Commercial – GPR 3.0	Residential with Commercial at the 1st-storey – GPR 3.0	Residential with Commercial at the 1st-storey – GPR 3.0	Residential with Commercial at the 1st-storey – GPR 3.0
Land Area (sf)	2,713	3,819	2,025	-
Total Floor Area / Strata Area* (sf)	8,175	11,187	3,800	3,763*
Asking Price ($)	$29.0m	$26.0m	$11.5m	$11.5m
Asking Price ($psf)	$3,547	$2,324	$3,026	$3,056
Tenure	Freehold	Freehold	Freehold	9,999-year Leasehold

Mr. Clemence Lee (利伟强), Executive Director, Capital Markets, Singapore at CBRE, commented, “This portfolio presents a compelling opportunity for investors to acquire a collection of prime assets in highly sought-after city-fringe locations. Priced at a palatable investment quantum of about S$78 million for the portfolio, or between $11.5 - $29 million for each individual asset, we expect strong interest from a wide range of investors such as boutique real estate funds, corporate investors, family offices, and high net worth individuals.

He adds: “We continue to observe robust investor appetite for well-located freehold assets, particularly those with repositioning potential. Each property in the portfolio possesses unique attributes and offers investors potential for further value-enhancement opportunities. Subject to approval from the relevant authorities, the incoming investor can look to refresh the tenant mix, apply for strategic usage approvals, or extensively refurbish and increase the existing floor area for certain assets within the portfolio. Collectively, these initiatives offer transformative solutions to enhance rental performance and drive capital appreciation over the medium to long term horizon.”


155 Kitchener Road


329 Changi Road


362 Tanjong Katong Road


1 & 1B Figaro Street