# Freehold Shop At Nomu On Sale For $6 Million With Signage Rights - **Source:** Stacked Homes - **Published:** 2026-09-05T07:34:17.000Z - **Author:** Timothy Tay - **Original:** https://stackedhomes.com/freehold-strata-shop-nomu-sale-for-6m-with-signage-rights-attached/ - **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals ## Featured rationale Scarce freehold city-centre commercial supply and elevated retail rents may support demand from investors and owner-occupiers seeking rental income and greater occupancy-cost certainty. ## AI summary A 1,335 sq ft freehold strata shop at Nomu is listed for $6 million, or $4,494 psf, with naming and signage rights. ## Original article Earlier this week, a freehold shop at Nomu went on the market for $6 million, while a 999-year leasehold conservation shophouse on North Canal Road was listed for $16.8 million. Currently marketed by Knight Frank, each property has a different owner and will be sold separately. The ground floor shop at Nomu is a strata commercial unit of 1,335 sq ft. Thus, the asking price of $6 million works out to $4,494 psf on the floor area. Meanwhile, the three-storey commercial shophouse on North Canal Road sits on a 953 sq ft plot, and has an estimated gross floor area of 3,154 sq ft. The asking price of $16.8 million works out to $5,326 psf on the floor area. Located along Handy Road in Dhoby Ghaut, Nomu is a mixed-use development that was completed in 2009. The building has the distinction of being designed by WOHA, a leading Singaporean architectural firm. The name of the development is an acronym that stands for ‘North of the Museum and University’ – a geographical nod to its location. It is close to the National Museum of Singapore, and next to city-centre schools like the Singapore Management University and the School of the Arts. It is the only development on Handy Road with a street-facing commercial presence, and Knight Frank says that acquiring the ground floor strata commercial unit also comes with naming and signage rights. Beyond owner-occupiers, the unit is also currently tenanted, which makes it a pull for investors looking to capitalise on reaping rental income. Nomu is a mixed-use development on Handy Road. (Map: URA) Nomu is next to several rejuvenated and repositioned landmark buildings in Dhoby Ghaut. It faces the recently refreshed Temasek Shophouse, a social impact hub owned by Temasek Trust, the philanthropic arm of Temasek Holdings. Also in the vicinity is The Cathay, a mixed-use development at Handy Road and Mount Sophia that is owned by Cathay Organisation. After an extensive renovation and repositioning exercise from 2023 to 2025, the mall reopened with a refreshed tenant mix and reconfigured internal layout. It now houses Sheng Siong’s first supermarket in Orchard Road, the NTU Alumni Association’s clubhouse, 24-hour gym 24×7 Fitness, a Thermomix concept store, and an e-sports venue. Opportunities to acquire strata commercial units in this part of Orchard Road are rare, given the scarcity of available units. There are 99-year leasehold alternatives such as One Sophia, the upcoming mixed-use project on Sophia Road. That project, a redevelopment of the former Peace Centre and Peace Mansions, consists of 123 strata titled offices, and a two-storey retail podium with 127 strata units. In an earlier market report published this year, Knight Frank noted that with retail rents likely to remain elevated, and occupancy costs also on the rise, acquiring a strata-titled retail unit may become an increasingly viable – if not attractive – option for retail businesses and owner-occupiers. The consultancy pointed out that rather than face periodic rental renewals at higher rates, business owners with their own premises stand to benefit from greater certainty over occupancy costs, while holding on to an investment asset. Beyond the glitz of large landlord or Reit-owned shopping malls, hole-in-the-wall locations that tap into urban lifestyle trends could be a meaningful way forward for some retailers and F&B operators. Knight Frank is also marketing the sale of a three-storey conservation shophouse along North Canal Road, in the Boat Quay Conservation Area. This 999-year leasehold property sits at the cusp of the Central Business District, and is opposite OCBC Centre. It’s part of a prominent cluster of shophouses bounded by North Canal Road and South Bridge Road, and the river-facing shophouses cater to the large professional working population working in the nearby office developments. “Freehold and near-freehold commercial opportunities remain limited in Singapore, particularly within established city-centre precincts where supply is naturally constrained,” says Mary Sai, executive director of Capital Markets at Knight Frank Singapore. She adds that this scarcity has supported sustained interest from private investors, family offices and owner-occupiers seeking assets that combine wealth preservation with future upside. As a result, buyers today are becoming more selective, focusing on assets that offer scarcity, visibility and flexibility of use, she says. On a separate note, the shophouses along Upper Circular Road in Clarke Quay, a stones throw away from the Boat Quay area, have recently come under the spotlight after the government overturned a long-standing guideline and relaxed its stance to new development applications there as well as a street block on Beach Road. This has excited some shophouse owners and would-be owners to submit proposals for new hotels, hostels, and serviced apartments, with the aim of repositioning some of the commercial properties along Upper Circular Road, Carpenter Street, Hongkong Street, and a portion of North Canal Road. Boosting the hotel and short-stay accommodation options there would have a positive spillover effect on the shophouses in other neighbouring areas like North Canal Road. ## Chinese translation > Translation model: grok_cli ### Nomu永久地契商铺以新币600万挂牌出售，附带招牌权 Nomu一间永久地契商铺以新币600万挂牌出售，同时北运河路一栋保育店屋开价新币1680万，市中心永久地契商用物业供应日趋稀缺。 本周早些时候，Nomu一间永久地契商铺以新币600万挂牌上市，与此同时，北运河路一栋999年地契保育店屋开价新币1680万。两处物业目前均由Knight Frank代理，分属不同业主，将分开出售。 Nomu这间地面层商铺为分层商用单位，面积1,335平方英尺。因此，新币600万的要价按楼面面积计算，相当于每平方英尺新币4,494元。 与此同时，北运河路这栋三层商用店屋坐落于953平方英尺的地块上，估计总楼面面积为3,154平方英尺。新币1680万的要价按楼面面积计算，相当于每平方英尺新币5,326元。 Nomu位于多美歌汉地路，是一座2009年竣工的综合用途项目。该建筑的特别之处在于由新加坡领先建筑事务所WOHA设计。 该项目名称是首字母缩写，意为“博物馆与大学以北”（North of the Museum and University）——是对其地理位置的呼应。它靠近新加坡国家博物馆，毗邻新加坡管理大学和新加坡艺术学院等市中心学府。 这是汉地路上唯一拥有临街商业门面的项目，Knight Frank表示，购入这间地面层分层商用单位还可获得命名权与招牌权。除自用业主外，该单位目前已有租户，对希望借此获取租金收入的投资者也具吸引力。 Nomu是汉地路上的综合用途项目。（地图：URA） Nomu毗邻多美歌多座经过活化与重新定位的地标建筑。它对面是近期焕新的Temasek Shophouse，这是由Temasek Holdings慈善机构Temasek Trust持有的社会影响力枢纽。 附近还有The Cathay，这是位于汉地路与苏菲亚山交界、由Cathay Organisation持有的综合用途项目。经过2023年至2025年的大规模翻新与重新定位后，商场重新开业，租户组合焕新，内部布局也已重新配置。目前入驻的包括升菘在乌节路的首家超市、南洋理工大学校友会会所、24小时健身房24×7 Fitness、Thermomix概念店，以及电竞场馆。 鉴于可售单位稀缺，在乌节路这一带购入分层商用单位的机会十分罕见。也有99年地契的替代选择，例如即将在苏菲亚路推出的综合用途项目One Sophia。该项目由前Peace Centre与Peace Mansions重建而来，包含123个分层产权办公单位，以及一座两层零售裙楼，共有127个分层单位。 在今年早些时候发布的市场报告中，Knight Frank指出，鉴于零售租金料将维持高位，占用成本也在上升，购入分层产权零售单位，对零售商家和自用业主而言，可能日益成为一个可行——甚至具吸引力——的选择。 该顾问机构指出，与其面对以更高租金进行的周期性续约，拥有自有物业的企业主可获得更确定的占用成本，同时持有一项投资资产。 除了大型业主或Reit持有的购物商场的光鲜亮丽之外，那些能切入都市生活方式趋势的街角小店式地点，对部分零售商和餐饮经营者而言，可能是一条有意义的前进之路。 Knight Frank也在代理出售北运河路一栋三层保育店屋，位于驳船码头保育区。这处999年地契物业地处中央商务区边缘，对面是OCBC Centre。 它属于北运河路与桥南路之间一片显眼的店屋群，临河店屋服务附近办公楼内大量专业职场人群。 Knight Frank新加坡资本市场执行董事Mary Sai表示：“新加坡永久地契及近永久地契的商用物业机会仍然有限，尤其是在供应本身受限的成熟市中心地段。” 她补充说，这种稀缺性支撑了私人投资者、家族办公室以及寻求兼顾财富保值与未来升值空间的自用业主的持续兴趣。因此，如今买家变得更加挑剔，更聚焦于具备稀缺性、可见度与用途灵活性的资产，她说。 另需一提的是，距驳船码头仅一箭之遥的克拉码头上环路沿线店屋近日成为焦点——政府推翻了一项长期指引，放宽了对该处以及美芝路一个街段新开发申请的立场。 这激发了部分店屋业主和潜在业主提交新酒店、旅舍和服务式公寓方案的热情，旨在重新定位上环路、木匠街、香港街以及北运河路部分路段的部分商用物业。若能增加该处酒店和短住住宿选择，将对北运河路等邻近地区的店屋产生正面溢出效应。