-- CBRE, as the exclusive marketing agent, is pleased to offer for sale 24 Ann Siang Road, a three-storey 999-year conservation shophouse with basement and attic. The sale will be conducted via an Expression of Interest exercise which closes on Wednesday, 26 November 2025, at 3pm.
Sitting on a land area of approximately 1,644 square feet zoned for “Commercial” use under the Urban Redevelopment Authority (URA) Master Plan 2019, the meticulously-restored 999-year shophouse boasts excellent street frontage and high visibility and has a total existing floor area of approximately 4,446 square feet. All floors are currently fully-leased to various boutique offices.
24 Ann Siang Road commands a prime position in one of Singapore’s most elite and historically-significant heritage clusters. Nestled in the prime District 1 at the heart of Singapore’s Central Business District (CBD), the prestigious Ann Siang Hill enclave is an elite lifestyle destination. Its curated mix of premium businesses – comprising exclusive bars, high-end restaurants, and upscale boutiques – are frequented by CBD professionals, locals, and tourists alike.
Mr Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE says, “Shophouses in the Club Street / Ann Siang area are commonly recognised as ‘trophy assets’ that attract significant interest from both investors and owner-occupiers. Such assets are seldom made available for sale and are normally snapped up when they surface in the market, evident by the recent sale of 65 Club Street at $21 million in September 2025. Coupled with its strategic location within the CBD and seamless connectivity, 24 Ann Siang Road presents an extremely rare opportunity to acquire a coveted piece in Singapore’s shophouse sector.”
The property benefits from excellent connectivity, being within short walking distance to four MRT stations, namely Maxwell MRT station (Thomson-East Coast Line), Telok Ayer MRT station (Downtown Line), Chinatown MRT interchange (North-East and Downtown Lines) and Tanjong Pagar MRT station (East-West Line).
Mr Lee adds, “Capitalising on its exceptional location, 24 Ann Siang Road is poised for robust rental growth and long-term capital appreciation. This is underpinned by the enclave’s vibrant, round-the-clock environment and its strong appeal to a wide range of premium businesses seeking a dominant brand presence in a storied destination with an elite catchment.”
The guide price for the shophouse is S$21 million, which translates to approximately S$4,723 per square foot on its existing floor area. As this is a commercial property, foreigners and companies are eligible to purchase, and no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) will be applicable on the transaction.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Associated Contact
Melvin Lin
Head of Marketing & Communications, Singapore
Tel: +65 8878 7329
Email: Melvin.Lin@cbre.com
Clemence Lee
Executive Director, Capital Markets, Singapore
Lic. CEA No.: R046342Z
Tel: +65 6326 1258/Tel: +65 9724 2939
Email: clemence.lee@cbre.com
