South Bridge shophouse hits market at $33.4m as CBD demand holds

The freehold asset offers F&B and office mix in Upper Circular precinct.

A freehold conservation shophouse at 42 South Bridge Road has been launched for sale via expression of interest (EOI) at an indicative guide price of $33.4m, according to CBRE.

The property, located in the Upper Circular Conservation Area, sits on a land area of about 1,612 square feet (sq ft) and has a total floor area of approximately 6,430 sq ft, translating to about $5,200 per sq ft based on the guide price.

The shophouse is zoned “Commercial” under the Urban Redevelopment Authority (URA) Master Plan 2025 with a gross plot ratio of 4.2.

CBRE, which is the exclusive marketing agent, said the building has a refurbished façade and upgraded interiors, with a regular floor plate configuration and restaurant approval has been obtained for the ground floor, fifth floor and attic.

These spaces are currently leased to a bar-cum-coffeehouse and a modern East Asian bistro. A private wine club occupies the third floor, whilst the remaining levels are used as office space.

The property is within Singapore’s Central Business District and sits between Boat Quay and Clarke Quay, areas with a mix of food and beverage outlets, boutique hotels and offices.

CBRE said the location benefits from proximity to Clarke Quay Central and Clarke Quay MRT station, as well as walking access to Raffles Place, Chinatown, City Hall, Telok Ayer and Fort Canning MRT stations. Connectivity is also supported by the Central Expressway and Nicoll Highway.

Foreigners are eligible to purchase the asset, with no additional buyer’s stamp duty or seller’s stamp duty applicable.

Deputy managing director and head of capital markets, Singapore at CBRE Michael Tay said the asset sits within a CBD location that supports both investor and tenant demand, given its proximity to office populations and visitor traffic.

Clemence Lee, executive director of capital markets, Singapore at CBRE, said recent Urban Redevelopment Authority adjustments to use restrictions in the Boat Quay and South Bridge Road precinct could provide greater flexibility for surrounding assets, including potential conversion or redevelopment into alternative uses such as hospitality and residential.

The EOI exercise closes on 28 July at 3 p.m.

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