Three Conservation Shophouses in Keong Saik Road, Craig Road and Tanjong Pagar Road for Sale

Singapore – 2 November 2026 – CBRE, as the exclusive marketing agent, is pleased to offer for sale 18 Keong Saik Road, 46 Craig Road and 65 Tanjong Pagar Road (the "Portfolio"), a portfolio of three conservation shophouses in Chinatown. The sale will be conducted via an Expression of Interest (EOI) exercise closing on Monday 7 December 2026 at 3pm.

Located within the Bukit Pasoh and Tanjong Pagar Conservation Areas in Chinatown, one of the CBD’s most sought-after F&B and lifestyle precincts, the Portfolio comprises three shophouses, each fronting one of the precinct's key streets: Keong Saik Road, Craig Road and Tanjong Pagar Road. 18 Keong Saik Road is a freehold three-storey conservation shophouse with a mezzanine. 46 Craig Road is a two-storey conservation shophouse with a full-sized attic, while 65 Tanjong Pagar Road is a three-storey conservation shophouse with a mezzanine floor. Both properties are held on 99-year leases. Together, the three shophouses have a combined land area of approximately 4,256 sq ft and a total floor area of approximately 12,176 sq ft, subject to final survey. The Portfolio is also within walking distance of major office developments such as Guoco Tower, International Plaza and Frasers Tower, whose sizeable workforce provides a strong customer base.

The shophouses are currently occupied by a diverse mix of established long-term F&B, retail and office tenants, providing investors with stable and immediate rental income. The indicative guide price for the Portfolio is approximately S$48.75 million, with the individual shophouses ranging from S$11.75 million to S$22.5 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 ($)
18 Keong Saik Road	Freehold 3-storey shophouse with mezzanine	1,271	3,860	$22,500,000
46 Craig Road	99-year leasehold 2-storey shophouse with attic	1,457	3,916	$11,750,000
65 Tanjong Pagar Road	99-year leasehold 3-storey shophouse with mezzanine	1,528	4,400	$14,500,000
Total		4,256	12,176	$48,750,000

*Provided by the Vendor, subject to further change and confirmation 


Pictured above: 18 Keong Saik Road


Pictured above: 26 Craig Road


Pictured above: 65 Tanjong Pagar Road

Mr. Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE, said: "Conservation shophouses in Districts 1 and 2 are among the most sought-after commercial assets in Singapore’s CBD. They benefit from the CBD’s vast working population, and the area is often the first choice for new-to-market F&B and retail concepts entering Singapore. This sustained occupier demand supports reliable rental income and long-term capital appreciation, which helps explain why owners tend to hold these assets over extended periods. As a result, opportunities to acquire one are rare, let alone three in a single offering. With the flexibility to acquire the shophouses individually or as a portfolio, we expect the offering to draw strong interest from a broad spectrum of investors, from corporates and family offices to high-net-worth individuals.”

The Portfolio is located entirely within Chinatown, one of Singapore’s top tourist destinations, anchored by cultural landmarks such as the Buddha Tooth Relic Temple, Sri Mariamman Temple and the Chinatown Heritage Centre, which draw steady crowds of visitors throughout the day. As evening falls, the area’s appeal shifts from daytime tourism to dining and nightlife, with destinations such as Keong Saik Road and Tanjong Pagar attracting patrons to their restaurants, cocktail bars and boutique hotels well into the night.

Chinatown is undergoing a fresh wave of rejuvenation, as a pipeline of new hotels and homes adds to its established character and heritage appeal. Recent openings include Mondrian Singapore Duxton (2023), a 302-room lifestyle hotel set among the shophouses of Duxton Hill, and lyf Chinatown Singapore (2026), a 90-unit social living property housed within conserved shophouses on Mosque Street. Still to come are Avani Singapore (2027), a 200-key lifestyle hotel on Peck Seah Street, and TMW Maxwell (2028), a 20-storey mixed-use development comprising 324 residences and a commercial podium. Together, these projects are expected to expand the area's residential, hospitality and office user base, supporting activity in the neighbourhood and demand for surrounding F&B and retail offerings.

The Portfolio also enjoys excellent connectivity. Each shophouse is within walking distance of Tanjong Pagar, Maxwell and Outram Park MRT stations, while the nearby AYE, CTE and MCE provide convenient access to the rest of Singapore.