Portfolio of Three Conservation Shophouses along Tanjong Pagar Road for Sale

Singapore – 22 October 2026 – CBRE, as the exclusive marketing agent, is pleased to offer for sale 83, 91 and 97 Tanjong Pagar Road (the "Portfolio"), a rare collection of three conservation shophouses in the heart of Tanjong Pagar. The sale will be conducted via an Expression of Interest (EOI) exercise closing on Thursday 26 November 2026 at 3pm.

Located within the Tanjong Pagar Conservation Area in District 2, one of the Central Business District's (CBD) most sought-after F&B and lifestyle precincts, the Portfolio comprises three shophouses fronting the main thoroughfare of Tanjong Pagar Road. 83 and 91 Tanjong Pagar Road are three-storey conservation shophouses with attics, while 97 Tanjong Pagar Road is a two-storey conservation shophouse with an attic. Together, they have a combined land area of approximately 4,022 sq ft and a total floor area of approximately 11,306 sq ft, subject to final survey. The Portfolio is also within a short walk of major office developments such as Guoco Tower, International Plaza and Frasers Tower, whose sizeable working population provides a substantial and immediate customer base.

The indicative guide price for the Portfolio is approximately S$43 million, or about S$3,800 psf on the total floor area, with the individual shophouses ranging from S$14 million to S$14.5 million. Investors may submit offers for the entire Portfolio or individual shophouses. As all three shophouses are zoned Commercial, foreigners and companies are eligible to purchase, with no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) payable. More information is provided below:

Address	Description	Land Area (sf)	Floor Area (sf)	Guide Price ($)
83 Tanjong Pagar Road	3-storey shophouse with attic	1,291	3,828	$14,500,000
91 Tanjong Pagar Road	3-storey shophouse with attic	1,291	3,828	$14,500,000
97 Tanjong Pagar Road	2-storey shophouse with attic	1,441	3,650	$14,000,000
Total		4,022	11,306	$43,000,000

The shophouses are currently fully occupied and tenanted to a diversified mix of established long-term F&B, retail and office operators, providing stable and immediate rental income to incoming investors. The Portfolio’s tenants include well-established restaurants, popular F&B concepts, lifestyle and wellness operators, and professional services firms, several of which have been long-standing occupiers.


Pictured above: 83 Tanjong Pagar Road


Pictured above: 91 Tanjong Pagar Road


Pictured above: 97 Tanjong Pagar Road

Mr. Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE, said: "Conservation shophouses in Tanjong Pagar are tightly held and seldom come to market, let alone three at once with prime frontage along Tanjong Pagar Road. Such opportunities are highly prized by investors who recognise the scarcity of heritage assets within the CBD. The shophouses are extremely well maintained and fully occupied by a strong tenant mix, offering immediate rental income with minimal leasing risk.”

Tanjong Pagar is one of Singapore's oldest and most culturally rich districts and was the first precinct gazetted for conservation by the Urban Redevelopment Authority (URA) in 1989. Today, it is a destination for locals and tourists alike, home to Michelin-recognised restaurants, Japanese omakase counters, Korean BBQ outlets, specialty cafés and bars, as well as Singapore's best-known bridal enclave along Tanjong Pagar Road. The area is entering a new phase of rejuvenation, with several landmark developments set to reshape the precinct. These include The Skywaters, set to be Singapore's tallest building, Newport Plaza, TMW Maxwell, Sky Tower and the redevelopment of 51 and 79 Anson Road. Together, these developments are expected to bring more residents, office workers and visitors into the precinct. Looking further ahead, Tanjong Pagar’s position at the northern edge of the Greater Southern Waterfront places it at the intersection of the CBD and Singapore’s future waterfront district, reinforcing its standing as one of the CBD’s most enduring F&B and lifestyle destinations.

With each shophouse priced below S$15 million, the Portfolio presents an attractive entry point and is expected to appeal to a wide range of investors, including corporate investors, family offices and high-net-worth-individuals. The Portfolio also enjoys excellent connectivity, sitting within a 10-minute walk of Tanjong Pagar, Maxwell and Outram Park MRT stations, with easy access to the AYE, CTE and MCE, providing convenient connectivity to the rest of Singapore.