# Abiel to convert three Geylang Road shophouses into 'micro-residences' for rent

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-19T01:00:00.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/abiel-convert-three-geylang-road-shophouses-micro-residences-lease
- **Topics:** Commercial & Industrial, Investment & Capital Markets

## Featured rationale

The conversion signals perceived demand from young professionals and expats for flexible three- to 24-month stays, potentially encouraging more shophouse-based extended-stay accommodation.

## AI summary

Abiel will open 15 micro-residences of around 200 sq ft each at House 223 in September, with monthly rents of approximately $2,300 to $2,700.

## Original article

Abiel Property Investment Fund is converting three adjoining conservation shophouses on Geylang Road into a collection of “micro-residences” that aim to fill the gap between a hotel stay and a conventional rental lease.

Located at 223, 225 and 227 Geylang Road, House 223 is set to open in September. It will feature 15 micro residences, located across five levels totalling 12,957 sq ft. The development will also have a rooftop garden and communal areas.

Each self-contained residence, sized at around 200 sq ft, will include a private kitchenette, bathroom, laundry facilities, workspace and sleeping area. They are designed to be move-in ready, with no furnishing or set-up required.

Read also: Owner to exit $102.8 mil conservation shophouse portfolio after 20-year journey

Rents for the residences are expected to range from approximately $2,300 to $2,700 per month for each 200 sq ft residence, says Abiel.

The Singapore real estate investment firm, which manages a portfolio of shophouses and industrial assets worth $130 million, had purchased the Geylang Road shophouses in February 2024 for $18.68 million, based on caveats lodged.

House 223 is targeted at young professionals and expats aiming to stay for between three and 24 months – a segment which Abiel says is currently underserved. “There is plenty of long-lease housing in Singapore, and high-end serviced apartments. What is missing is anything in between,” said Maureen Li, Abiel’s CEO and founder.

To that end, the company is positioning House 223 as “a new category of extended-stay accommodation” that closes the gaps not covered by hotels, serviced apartments, co-living properties and conventional leases.

While the residences offer residents privacy, communal spaces – particularly the rooftop – are designed to help facilitate community.

The rooftop will include an edible kitchen garden, outdoor barbecue space, a long communal dining table, quiet reading corners, hammocks and cafe lights.

Read also: Seven freehold conservation shophouses in Geylang for sale at $65 mil

## Chinese translation

> Translation model: grok_cli

### Abiel将把芽笼路三栋店屋改建为供出租的“微型住宅”

这些面积约200平方英尺的单位，租金预计约每月新币2300至2700元。

Abiel Property Investment Fund正在把芽笼路三栋相连的保育店屋改建为一组“微型住宅”，旨在填补酒店住宿与传统租赁之间的空白。

位于芽笼路223、225及227号的House 223预计于9月开业。它将设有15间微型住宅，分布在五个楼层，总面积1万2957平方英尺。该项目还将设有屋顶花园与共用空间。

每间独立齐全的住宅面积约200平方英尺，将配备私人小厨房、浴室、洗衣设施、工作空间与睡眠区。它们设计为即住就绪，无需另行添置家具或布置。

另读：业主在20年历程后退出价值新币1.028亿元的保育店屋投资组合

Abiel表示，这些住宅的租金预计约为每间约200平方英尺单位每月新币2300至2700元。

这家管理价值新币1.3亿元店屋与工业资产组合的新加坡房地产投资公司，于2024年2月以新币1868万元购入这些芽笼路店屋，依据已登记的交易记录。

House 223面向希望居住三至24个月的年轻专业人士与外籍人士——Abiel称该群体目前服务不足。Abiel首席执行官兼创办人Maureen Li表示：“新加坡有大量长期租赁住房，也有高端服务式公寓。缺少的是介于两者之间的选择。”

为此，公司将House 223定位为“一种新型延住住宿类别”，填补酒店、服务式公寓、共享居住物业与传统租约未能覆盖的空白。

这些住宅在为住客提供私密性的同时，共用空间——尤其是屋顶——旨在促进社区互动。

屋顶将包括可食用厨房花园、户外烧烤区、长共用餐桌、安静阅读角、吊床与咖啡馆式灯光。

另读：芽笼七栋永久地契保育店屋以新币6500万元求售