Separate land titles and a 999-year tenure, as well as approval for ‘Hotel’ use which is a privileged status no longer available for new applications in the vicinity
Singapore, 8 May 2025 – ETC (宜迪产业咨询公司), as the sole marketing agent, is pleased to launch for sale a row of five adjoining three-storey conservation shophouses located along Temple Street, in the heart of Singapore’s culturally rich Chinatown. The sale will be conducted via an Expression of Interest exercise which will close on Tuesday, 8 July 2025, 3pm.
Strategically positioned within the Kreta Ayer Conservation Area and just steps from Chinatown MRT interchange, the five shophouses – each with its individual land title – collectively span a land area of 559.2 sq m (approximately 6,017 sq ft) and has a total built-up area of 1,402.3 sq m (approximately 15,095 sq ft). Currently operating as a 42-key boutique hotel, The Inn at Temple Street, the property holds a 999-year leasehold tenure – a coveted trait in Singapore’s tightly held shophouse market.
Under URA’s Master Plan 2019, the subject property is zoned for “Commercial” use, allowing for a wide range of uses including retail, F&B, wellness concepts, hospitality and office. Notably, it holds existing planning approval for hotel use – a privileged status, as URA no longer permits new applications for hotels, serviced apartments or hostels in the area. This unique feature enhances its investment appeal, particularly for buyers exploring hospitality or lifestyle concepts.
The subject property has a guide price of S$90 million. Open to both local and foreign buyers, the property is not subject to Additional Buyer’s Stamp Duty (ABSD) nor Seller’s Stamp Duty (SSD).
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, says, “The subject property offers a compelling blend of historical charm, prized hotel approval, near freehold-equivalent tenure and five separate land titles – a robust combination that’s nearly impossible to replicate in Singapore’s tightly held shophouse market. Its prime position within high foot traffic, culturally significant precinct makes it an exceptional opportunity for investors, operators, or boutique developers looking to create a landmark presence in the bustling Chinatown.”
The five individual land titles provide flexibility for the incoming buyer, who may choose to reconfigure the property into standalone shophouses. Alternatively, the asset can be creatively repositioned – from a private members’ club or upscale wellness retreat to curated retail or experiential lifestyle concepts.
Ms Swee adds, “The subject property’s strategic corner position enhances its street visibility and branding potential. The buyer may consider featuring a statement mural on its side façade, subject to authorities’ approval, to create a distinctive landmark presence, an increasingly valuable differentiator in placemaking strategies in today’s visually driven and experience-led market.”
Last renovated in 2011, the subject property provides a solid foundation for asset enhancement. Subject to relevant authorities’ approvals, the internal layout could be reconfigured to increase key count or optimise operational efficiency, further strengthening returns for hospitality investors or hotel operators.
Located just 100 metres from Chinatown MRT Interchange, the subject property enjoys superb connectivity. It is surrounded by a vibrant mix of heritage landmarks, tourist attractions, dining establishments and cultural institutions – all of which contribute to strong foot traffic and sustained commercial vibrancy.
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