Freehold Jalan Besar conservation shophouse up for sale at $8.5m

This translates to about $3,735 per sq ft of built-up area.

A freehold two-storey conservation shophouse at 148 Jalan Besar has been put up for sale with a guide price of $8.5m.

Brilliance Capital has been appointed as the exclusive marketing agent for the Expression of Interest (EOI) exercise, which will close on 3 September 2026, at 3 pm.

The property sits on a 1,675 sq ft freehold site and has an existing built-up area of about 2,276 sq ft.

Based on the guide price, it is valued at about $3,735 per sq ft of built-up area.

Located within the Little India Conservation Area, the two-storey shophouse is zoned Commercial under the URA Master Plan 2025 and is currently fully leased.

The sale comes amidst limited availability of freehold conservation shophouses priced below $10m, particularly those located near Singapore’s Central Business District.

As a commercial property, the asset is not subject to Additional Buyer’s Stamp Duty (ABSD), allowing both local and foreign buyers to acquire it without the additional stamp duty that applies to residential properties.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia