# Freehold Telok Ayer Street conservation shophouse hits the market at $23.76 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-21T02:35:46.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/freehold-telok-ayer-street-conservation-shophouse-hits-market-2376-mil
- **Topics:** Private Residential, Commercial & Industrial, New Launches

## Featured rationale

Its sub-$25 million investment quantum, full occupancy and central location may attract corporate investors, family offices and high-net-worth individuals seeking District 1 commercial assets.

## AI summary

The freehold conservation shophouse at 171 Telok Ayer Street is offered at $23.76 million, or about $5,700 psf, through an EOI closing Nov 25.

## Original article

A freehold conservation shophouse at 171 Telok Ayer Street in Chinatown has been launched for sale through an expression of interest (EOI) exercise. The three-storey property with a mezzanine has an indicative price of $23.76 million, or about $5,700 psf on its estimated total floor area of 4,168 sq ft.

The shophouse occupies a 1,390 sq ft commercial plot in the Telok Ayer Conservation Area in District 1. It is currently fully occupied, with an F&B operator on the ground floor and office occupiers on the upper floors, according to CBRE, which is handling the sale.

The property has regular and efficient floor plates that can accommodate a wide variety of businesses. The upper floors could potentially be converted to alternative uses such as restaurants, wellness facilities or serviced apartments, subject to approval from the relevant authorities, CBRE adds.

Read also: Rare trio of adjoining freehold Chinatown shophouses up for $48 mil

Telok Ayer Street is a large thoroughfare stretching from Market Street in Raffles Place to Anson Road in Tanjong Pagar. In Chinatown, shophouses line the road, largely tenanted by a mix of eateries, retail shops and offices.

Clemence Lee, CBRE’s executive director of capital markets for Singapore, noted that freehold and 999-year conservation shophouses in Districts 1 and 2, including properties along Circular Road, Keong Saik Road and Stanley Street, have transacted at prices between $16 million and $22 million, or between $5.000 and $6,800 psf, over the last six months.

“Given the 171 Telok Ayer Street’s palatable investment quantum of under $25 million, we expect it to draw strong interest from a wide pool of investors, including corporate investors, family offices and high-net-worth individuals,” he added.

The property is within walking distance of four MRT stations: Telok Ayer (Downtown Line), Tanjong Pagar (East-West Line), Shenton Way and Maxwell (Thomson-East Coast Line).

The EOI exercise will close at 3pm on Nov 25.

Check out the latest listings for Chinatown properties

## Chinese translation

> Translation model: grok_cli

### 直落亚逸街永久地契保育店屋以2,376万新元挂牌出售

按该店屋估计总楼面面积4,168平方英尺计算，价格约合每平方英尺5,700新元。

牛车水直落亚逸街171号一栋永久地契保育店屋已通过意向征集（EOI）方式推出出售。这栋带夹层的三层物业指示价格为2,376万新元，按其估计总楼面面积4,168平方英尺计算，约合每平方英尺5,700新元。

该店屋位于第1邮区直落亚逸保育区，占地一块1,390平方英尺的商业地段。负责此项出售的世邦魏理仕（CBRE）表示，物业目前已全部租出，地面层为餐饮运营商，上层为办公租户。

该物业楼层平面规整、使用效率高，可容纳多种业务。世邦魏理仕补充说，上层或可改为餐厅、养生设施或服务式公寓等其他用途，须经相关部门批准。

另请阅读：牛车水三栋相连永久地契店屋罕见挂牌，要价4,800万新元

直落亚逸街是一条大道，从莱佛士坊的市场街延伸至丹戎巴葛的安顺路。在牛车水，店屋沿街林立，租户大体为食肆、零售店和办公室的组合。

世邦魏理仕新加坡资本市场执行董事Clemence Lee指出，过去六个月，第1及第2邮区的永久地契和999年地契保育店屋，包括环形路、恭锡路和史丹利街沿线物业，成交价介于1,600万新元至2,200万新元，或每平方英尺5,000新元至6,800新元。

他补充说：“鉴于直落亚逸街171号不到2,500万新元的投资额处于可接受水平，我们预计它将吸引广泛投资者的浓厚兴趣，包括企业投资者、家族办公室和高净值人士。”

该物业步行可达四个地铁站：直落亚逸站（滨海市区线）、丹戎巴葛站（东西线）、珊顿道站和麦士威站（汤申－东海岸线）。

意向征集将于11月25日下午3时截止。

查看牛车水物业的最新挂牌