Press photo / (CBRE)

3-storey shophouse with rear extension in Boat Quay Precinct up for sale

The indicative guide price for the property is $23.65m.

45 Hongkong Street, a three-storey shophouse with a six-storey rear extension, has been launched for sale.

CBRE, the property’s sole agent, said the indicative guide price for the asset is $23.65m,approximately $3,200 per square foot. 

Foreign buyers can purchase the investment opportunity without additional buyer's stamp duty or seller's stamp duty implications.

Interested buyers can participate via expression of interest exercise, closing on 20 March at 3 p.m.

Located in the Boat Quay area of District 1, 45 Hongkong Street occupies a land space of about 1,659 square feet (sq ft), boasting a total floor area of around 7,391 sq ft. The property features modern interiors, efficient floor plates, and a passenger lift servicing all floors.  The ground floor hosts a Japanese izakaya, whilst the upper levels accommodate a hair salon and office spaces.

With a "commercial" zoning designation and a gross plot ratio of 4.2, the property is ideal for commercial use under the URA Master Plan 2019.

“45 Hongkong Street presents an exceptional opportunity to acquire a charming shophouse in prime District 1 that will especially appeal to investors looking for stable income-generating heritage assets," said Clemence Lee, executive director of Capital Markets, Singapore at CBRE.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!