Singapore, 5 January 2026 – ETC, as the sole marketing agent, is pleased to launch for sale two adjoining double-storey shophouse units along Syed Alwi Road, within the vibrant Jalan Besar precinct. The sale will be conducted via an Expression of Interest (EOI) exercise, which will close on 29 January 2026, at 3pm.
Well located near the junction of Jalan Besar and Syed Alwi Road, the shophouses are within 350 m to Jalan Besar MRT Station on the Downtown Line. Each unit occupies a land area of approximately 105 sq m (approximately 1,130 sq ft) and a floor area of approximately 185 sq m (approximately 1,990 sq ft).
Under the URA Master Plan 2025, the properties are zoned for ‘Commercial’ use and are, therefore, not subject to Additional Buyer’s Stamp Duty (“ABSD”) or restrictions on foreign ownership.
The combined guide price for both shophouses is S$9.2 million, which works out to approximately S$2,305 per sq ft on the floor area. The shophouses can be sold either individually or collectively.
Jalan Besar has evolved into a dynamic commercial and lifestyle enclave, blending heritage character with contemporary uses. The area is known for its diverse mix of dining establishments, cafes, pubs, co-working spaces and boutique hotels, and is a popular food destination with established eateries, such as Sungei Road Laksa, Swee Choon Tim Sum and Beach Road Scissors Cut Curry Rice. The precinct is further supported by nearby retail malls – including New World Centre, Jalan Besar Plaza, Mustafa Centre and Centrium Square – enhancing it overall vibrancy and commercial appeal.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, part of Realion Group, says, “Shophouses in District 8 have seen growing investor interest in recent years, driven by the precinct’s exciting gentrification from a traditional hardware-centric area into a trendy and bustling commercial and lifestyle hub. Today, the area’s long-term investment appeal is underpinned by a combination of heritage character, location and the broadened mix of uses, which continue to generate strong and sustained footfall and demand.”
This momentum is reflected in market activity. Based on URA caveat records*, a total of 77 shophouse transactions were recorded in 2025; of which, District 8 accounted for the highest share at 24 transactions, or approximately 31% of total shophouse transactions.
Ms Swee adds, “Against this backdrop, these two adjoining shophouses along Syed Alwi Road are well-suited for both owner-occupiers and investors, catering to both investors seeking income visibility, as well as owner-occupiers looking to build a business presence within a bustling precinct.”
* Based on URA’s record as of 5 January 2026
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