Looking to Own a Piece of Singapore’s Maritime Legacy?
Picture this: a stunning conservation shophouse tucked into 10 Lorong Telok – a 999‑year leasehold gem that sits snugly within the charismatic Boat Quay Conservation area. The latest buzz? It’s on the market with a guide price of $18.8 million, and interested buyers can snag it through an expression of interest.
What Makes This Property Hilariously Unique?
- Land Footprint: Roughly 1,410 sq ft – just enough space to host an entire vintage pub vibe.
- Built‑up Area: Expansive 4,000 sq ft of wall‑to‑wall charm.
- Price Breakdown: About $4,700 per sq ft – because even historic spots are high‑end.
Key Takeaway
Investing in this shophouse means owning a slice of Singapore’s maritime heritage that will outlast a century – literally, thanks to its 999‑year lease. Get ready to turn a historic space into modern gold!
<img alt="" data-caption="The shophouse is located at 10 Lorong Telok.
PHOTO: Huttons Asia” data-entity-type=”file” data-entity-uuid=”9f4e2e1d-d09c-40c1-a4e2-c488fcdb9772″ src=”/sites/default/files/inline-images/huttonscdc.jpg”/>
Dreamy Shophouse in the Heart of CBD
Picture a three‑storey shophouse with a loft and a 4.5‑metre floor‑to‑ceiling height on the ground level. It’s already buzzing: a food & drink spot down on the first floor, a sleek office on the second, and a yoga studio stretching out the top two levels, even touching the attic. The whole thing sits just a ten‑minute stroll from Raffles Place MRT, making it a commuter’s delight.
Why This Place is a Hot Ticket
- 305% Drop in ABSD? Nope. Because it’s commercial zone, buyers won’t pay the dreaded Additional Buyer’s Stamp Duty.
- No GST to worry about. Whether you’re a foreigner, a company, or an individual, you can snap it up without the added tax headache.
- Freehold and 999‑year leaseholders. High‑net‑worth folks love these as legacy assets — they tend to keep their worth.
Industry Voice Spotlight
Jeremy Lim – Senior Group District Director at Huttons Asia – says, “Conservation shophouses with a solid lease are gold for those with big bucks. They’re the kind of properties that stand the test of time.”
Aric Lim – Group Division Director – adds, “In the prime CBD area, shophouses are a magnet for MNCs, offices, aesthetic clinics, law firms, and accountants. Jumping on level two or three offers the flexibility companies crave when it comes to hours and lease terms.”
One Final Piece of Info
The Expression of Interest (EOI) will close on Wednesday, 14 September at 3 p.m. – so if you’ve got a taste for a slice of the Singapore market, act fast!
Original story published on 99.co (property building pricing).
