123 views
Photo from Sakal Real Estate Partners

Conservation shophouse in District 1 launched for sale

It will be sold via private treaty.

A four-storey prime conservation shophouse in District 1 was launched for sale via private treaty.

The property, 21 New Bridge Road, occupies a land area of 1,443 square feet (sqft) and will have a gross floor area (GFA) of 5,034 sqft, excluding the roof terrace, after refurbishment, with a new lift installed. Its refurbishment is expected to be completed in Q123.

Since the property is also available for sale on an as-is basis, the new purchaser can decide whether to undertake the refurbishment on their own.

Since 21 New Bridge Road is situated within a secondary conservation area, Sakal Real Estate Partners, the property’s marketing agent, said a rear extension may be allowed and can be built up to a GFA of 6,063 sqft, subject to approval from relevant authorities.

“The asset boasts a prominent frontage, with direct sheltered access to Clarke Quay Central Mall and Clarke Quay MRT Station. It is also well located and is in the proximity of the Clarke Quay F&B and Entertainment enclave, Raffles Place, Boat Quay, as well as Chinatown,” Sakal Real Estate Partners said.

In December 2021, the shophouse’s tenure was topped up to a fresh 99-year lease.

Its ground floor was approved for restaurant use, whilst its upper floors are suitable for office, shop, and takeaway food shop use, subject to approval from relevant authorities. 

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!