Rarely Available Freehold Shophouse Along East Coast Road For Sale Via Expression of Interest

Singapore, 12 June 2025 – CBRE, as the exclusive marketing agent, is pleased to offer for sale 235 East Coast Road, a freehold three-storey conservation shophouse. The sale will be conducted via an Expression of Interest exercise which closes on Wednesday, 16 July 2025, at 3pm.

Located in the heart of the highly sought-after Katong precinct along East Coast Road, 235 East Coast Road enjoys a prime position within one of Singapore’s most vibrant and historically rich neighbourhoods. The shophouse boasts excellent street frontage and high visibility, benefitting from the constant footfall in this bustling area. It occupies a land area of approximately 1,905 square feet and has an total built-up area of approximately 4,700 square feet. The ground floor is currently leased out to a minimart, the third floor to an office, while the second floor remains vacant.

Zoned for “Commercial” use with a Plot Ratio of 3.0 under the Urban Redevelopment Authority (URA) Master Plan 2019, 235 East Coast Road also offers significant untapped potential. As a secondary conservation property, the incoming purchaser has the opportunity to explore addition and alteration (A&A) works, such as adding a rear extension and increase its gross floor area to a maximum of 5,716 square feet and upgrading the property’s aesthetics and functionality to attract premium tenants.



Mr Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE commented, “Shophouses along East Coast Road, particularly in the Katong area, are highly coveted. They offer a rare blend of heritage charm and modern commercial vibrancy. Shophouses like 235 East Coast Road provide businesses with a unique opportunity to establish a strong brand presence in a storied location with a well-heeled local and expatriate catchment.”

Beyond its intrinsic value, the location itself is a major draw. East Coast Road is a dynamic lifestyle destination, renowned for its eclectic mix of traditional eateries, trendy cafés, artisanal boutiques, and essential services. This rich tapestry of amenities fosters a lively environment with consistent customer traffic. The property also enjoys excellent connectivity, being well-served by numerous bus routes and its close proximity to the Marine Parade MRT station on the Thomson-East Coast Line (TEL).

Mr Lee added, “235 East Coast Road presents an exceptional opportunity to acquire a piece of Singapore's heritage in a thriving commercial hub. Its prime location, coupled with the enduring appeal of freehold shophouses, makes this a compelling proposition for investors and owner-occupiers seeking a distinctive asset with strong potential for rental income and capital appreciation in one of Singapore's most beloved districts.”

In recent transactions, a nearby shophouse at 207 East Coast Road was sold in December 2024 for S$10 million (approximately $3,703 per square foot on its built-up area). Earlier, in February 2024, another shophouse at 183 East Coast Road changed hands for $10.3 million (approximately S$3,433 per square foot on its built-up area).

The guide price for the asset is S$15.5 million, which translates to approximately S$3,300 per square foot on its existing built-up area. As a commercial property, it is open to purchase by foreigners and companies, with no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) applicable.