Pair of adjoining 2-storey Freehold Conservation Shophouses with a 6-storey rear extension in Farrer Park / Jalan Besar for Sale via Expression of Interest

CBRE Pte Ltd (“CBRE”), as the exclusive marketing agent, is presenting for sale a pair of adjoining 2-storey freehold conservation shophouses with a 6-storey rear extension at 155 Kitchener Road (“the Properties”). The sale will be conducted via an Expression of Interest exercise, which will close on Thursday, 18 June 2026, at 3pm. Occupying a combined freehold land plot of about 2,713 sq ft and an estimated total floor area of 8,175 sq ft, the shophouses command a prominent main road frontage of approximately 11 metres along Kitchener Road. The shophouses are zoned “Commercial” with a Gross Plot Ratio 3.0 under the Jalan Besar Conservation Area and are presently fully tenanted, offering incoming investors with stable and immediate rental income. The ground floor is currently occupied by a restaurant, while the upper floor units are currently tenanted to a gym / fitness centre and offices. The indicative guide price for the shophouses is S$28 million. The shophouses are nestled in the heart of the vibrant Farrer Park / Jalan Besar district, an enchanting historic precinct that is strategically positioned at the city-fringe, right at the doorstep to the Central Business District and Orchard Road. Over the last decade, the Farrer Park / Jalan Besar precinct has evolved into one of Singapore's most sought-after city-fringe locales and celebrated food destinations for both locals and tourists. The area boasts a colourful mix of traditional hawker fare, award-winning restaurants, hipster cafes, and popular dessert chains, ensuring high visibility and vibrant day-to-night activity. Some notable examples include, Putien (One Michelin Star), Swee Choon Dim Sum, Beach Road Scissors Cut Curry Rice, Sungei Road Laksa, Chye Seng Huat Hardware, Moonchild, and Ponggol Nasi Lemak. The Farrer Park and Jalan Besar corridor continues to develop, building on a decade of strategic rejuvenation and a concentration of established commercial centres such as the newly enhanced City Square Mall, Centrium Square, Mustafa Centre, and the recently completed Piccadilly Galleria. The upcoming completion of over 3,000 prime residential units across five major BTO developments, such as Farrer Park Fields and McNair Heights, is expected to significantly enhance the local demographic density. For commercial stakeholders, this residential expansion translates into a substantial strengthening of the immediate consumer base and long-term growth potential. Mr. Clemence Lee (利伟强), Executive Director, Capital Markets, Singapore at CBRE , commented, “155 Kitchener Road presents a rare opportunity to acquire a pair of well-refurbished commercial shophouses backed by exceptional investment fundamentals. Beyond its sought-after freehold tenure, the asset also boasts permanent F&B approval on the ground floor and benefits from versatile floor plates that can be well-suited for a variety of uses. These include potential conversion of the upper floor units into “Student Hostel” or “Residential” uses (subject to approval from the relevant authorities) to further improve rental command. As such, we anticipate strong interest from boutique property funds and family offices who recognise the scarcity of prime shophouses located so closely to major anchor landmarks like City Square Mall and Mustafa Centre. Assets of this calibre in such a tightly held precinct are increasingly viewed as defensive additions to sophisticated portfolios. He adds, “Kitchener Road has emerged as a beneficiary of the district’s ongoing transformation. As the area’s residential density increases with the completion of major BTO and private residential projects, 155 Kitchener Road is perfectly positioned to capture the resulting increase in footfall and consumer spending, which will enhance rental performance and drive capital appreciation over the medium to long term horizon.” The assets command a strategic position within a highly accessible precinct that is bolstered by a comprehensive transport network. Immediate connectivity is provided by a bus stop just 70 metres away, while the Farrer Park and Jalan Besar MRT stations are reachable within a short five to nine minute walk. For those commuting by private transport, the site’s proximity to major arterial routes—including the Central Expressway (CTE), East Coast Parkway (ECP), and Nicoll Highway—ensuring seamless island-wide accessibility. 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 and a premier provider of critical infrastructure services. The company has more than 155,000 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, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at  www.cbre.com .