Rare 6-storey CBD shophouse in Boat Quay on sale for $45 million

It will be sold through an Expression of Interest exercise.

52 Boat Quay, a rare six-storey CBD shophouse located in the Boat Quay district, was launched for sale with a guide price of $45 million.

Its marketing agent, Savills, said the sale will be conducted via an expression of interest (EOI) exercise closing on 7 October, at 3 p.m.

According to Savills, 52 Boat Quay is the tallest of all the conservation shophouses situated along the Singapore River. Surrounding the property are office buildings like CapitaSpring, UOB Plaza1 and 2, One George Street, OCBC Centre and One Raffles Place.

Yap Hui Yee, Savills Singapore's director for Investment Sales and Capital Markets, said she expects the shophouse to receive strong interest from investors, family offices and high-net-worth individuals seeking wealth preservation.

“52 Boat Quay presents a rare opportunity for an investor to acquire a prized trophy asset boasting impressive views and frontage along the Singapore River," Yap said.

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