# Row of seven freehold Joo Chiat shophouses up for sale at $100 mil - **Source:** EdgeProp Singapore - **Published:** 2026-08-24T02:20:00.000Z - **Author:** Cecilia Chow - **Original:** https://www.edgeprop.sg/property-news/row-seven-freehold-joo-chiat-shophouses-sale-100-mil - **Topics:** Commercial & Industrial, New Launches, Transactions & Deals ## Featured rationale Their full occupancy, commercial zoning and 68% potential GFA expansion may attract local and foreign investors seeking rental income and redevelopment upside in Joo Chiat. ## AI summary Seven adjoining freehold conservation shophouses at 452–464 Joo Chiat Road are offered at $100 million, or $3,948 psf based on maximum allowable GFA. ## Original article Seven adjoining freehold conservation shophouses at 452–464 Joo Chiat Road have been launched for sale at a guide price of $100 million. The row occupies the corner closest to the junction of Joo Chiat Road and East Coast Road, making it one of the largest contiguous freehold shophouse blocks to come to market. The properties are owned by Bogen Inc., a company specialising in roofing, façade cladding and curtain walls, whose sole director is Lee Choon Sing, according to an Acra search. Lee is said to have purchased the first six shophouses sometime in 2018–2019 before acquiring the seventh at 452 Joo Chiat Road in April 2020, based on a caveat lodged then. The seven shophouses sit on four land lots: 452 Joo Chiat Road on its own, and 454–456, 458–460, and 462–464 Joo Chiat Road on three further lots. Each has a two-storey frontage with a three-storey rear extension, spanning a combined land area of 8,442 sq ft and an existing gross floor area (GFA) of 15,056 sq ft. Read also: Abiel to convert three Geylang Road shophouses into 'micro-residences' for rent Zoned "Commercial" with a plot ratio of 3.0, the GFA could be increased by 68%, or 10,270 sq ft, to a maximum of 25,326 sq ft through rear extensions of up to five storeys, subject to approval from the relevant authorities. The properties fall within the Joo Chiat Secondary Settlement Conservation Area. The guide price of $100 million translates to about $3,948 psf based on the maximum allowable GFA of 25,326 sq ft, according to CBRE, which is marketing the properties via an expression of interest (EOI) exercise. The seven shophouses are fully leased to a diverse mix of tenants, Joshua Giam, director of capital markets at CBRE Singapore, says. The first two floors have permanent F&B approval, with existing operators including Prairie by Craftsmen (Joo Chiat) café, The Melting Pot gastrobar and cocktail lounge, and neighbourhood bar Cheeers Bistro & Bar. Tenants on the upper floors include education and fitness operators such as Singapore's first all-female Thai martial arts gym, Encore Muay Thai, as well as private preschool and kindergarten Little Gryphons Montessori. The properties are across from i12 Katong and Katong Square, and about an eight-minute walk from Parkway Parade and Marine Parade MRT Station on the Thomson-East Coast Line. Based on caveats lodged, only 452 Joo Chiat Road has a recorded transaction among the seven properties, changing hands for $3.1 million in April 2020. It sits on a freehold site of 1,063 sq ft, with an existing GFA of 2,152 sq ft. Read also: Owner to exit $102.8 mil conservation shophouse portfolio after 20-year journey Elsewhere along Joo Chiat Road, the most recent shophouse transaction was a two-storey corner property at 321 Joo Chiat Road, which changed hands for $7 million in August 2026. The freehold property sits on a 949 sq ft site. Last December, a 1,292 sq ft, ground-floor unit of a three-storey corner shophouse at 107 Joo Chiat Road sold for $4.88 million. CBRE's Giam expects the properties' rental income and redevelopment upside to draw investor interest. "The shophouses offer potential for further rental and capital appreciation as the Joo Chiat precinct continues to evolve," he adds. Foreign buyers are also eligible to purchase the properties, Giam says. As the properties are zoned for commercial use, no Additional Buyer's Stamp Duty or Seller's Stamp Duty is payable on the purchase. The EOI closes on Sept 24 at noon. Check out the latest listings for District 15 properties ## Chinese translation > Translation model: openai_codex_cli ### 如切七间永久地契店屋排屋以1亿新元放售 1亿新元的指导价，按25,326平方英尺的最高可允许总楼面面积计算，相当于约每平方英尺3,948新元。 位于如切路452–464号的七间相连永久地契保育店屋已推出放售，指导价为1亿新元。该排店屋位于最靠近如切路与东海岸路交界处的转角位置，使其成为市场上推出的最大相连永久地契店屋组群之一。 根据Acra查询，这些物业由Bogen Inc.持有，该公司专门从事屋顶、外墙包覆和幕墙业务，唯一董事为Lee Choon Sing。据称，Lee在2018–2019年某个时候购入了前六间店屋，随后根据当时提交的买卖禁令记录，于2020年4月收购了如切路452号的第七间店屋。 这七间店屋坐落在四幅地段上：如切路452号单独一幅地段，以及如切路454–456号、458–460号和462–464号分别位于另外三幅地段。每间店屋均为两层临街面，后方设三层扩建部分，合计土地面积为8,442平方英尺，现有总楼面面积（GFA）为15,056平方英尺。 相关阅读：Abiel将把三间芽笼路店屋改建为供出租的“微型住宅” 这些物业规划用途为“商业”，地积比率为3.0，在获得相关当局批准的情况下，可通过后方最高五层的扩建，将总楼面面积增加68%，即10,270平方英尺，至最高25,326平方英尺。这些物业位于如切次级聚落保育区内。 负责通过意向书（EOI）方式营销这些物业的CBRE表示，1亿新元的指导价按25,326平方英尺的最高可允许总楼面面积计算，相当于约每平方英尺3,948新元。 CBRE Singapore资本市场董事Joshua Giam表示，这七间店屋已全部出租予多元化租户组合。首两层已获得永久餐饮（F&B）批准，现有经营者包括Prairie by Craftsmen (Joo Chiat) café、The Melting Pot gastrobar and cocktail lounge，以及邻里酒吧Cheeers Bistro & Bar。 楼上楼层的租户包括教育和健身业者，例如新加坡首家全女性泰拳馆Encore Muay Thai，以及私立学前班和幼儿园Little Gryphons Montessori。 这些物业位于i12 Katong和Katong Square对面，步行约八分钟可达Parkway Parade及汤申—东海岸线Marine Parade地铁站。 根据已提交的买卖禁令记录，在这七处物业中，只有如切路452号有交易记录，于2020年4月以310万新元易手。该物业坐落在1,063平方英尺的永久地契地段上，现有总楼面面积为2,152平方英尺。 相关阅读：业主将在20年历程后退出1.028亿新元保育店屋投资组合 如切路沿线其他地点，最近一宗店屋交易是位于如切路321号的一间两层转角物业，于2026年8月以700万新元易手。该永久地契物业坐落在949平方英尺地段上。去年12月，位于如切路107号一间三层转角店屋的1,292平方英尺底层单位，以488万新元售出。 CBRE的Giam预计，这些物业的租金收入和重建增值潜力将吸引投资者兴趣。他补充说：“随着如切区持续演变，这些店屋具备进一步租金和资本增值的潜力。” Giam表示，外国买家也有资格购买这些物业。由于这些物业规划为商业用途，购买时无需缴付额外买方印花税或卖方印花税。 意向书将于9月24日中午截止。 查看第15区物业的最新挂牌