-- CBRE, as the exclusive marketing agent, is offering for sale four freehold ground floor retail units at Siglap V. The sale will be conducted via an Expression of Interest exercise which closes on Tuesday, 30 June 2026, at 3pm.
Strategically positioned in the heart of a well-established and vibrant neighborhood, the units enjoy a prime corner location in Siglap V, featuring prominent dual frontage along Siglap Road and East Coast Road. The units are collectively offered at a guide price of $13 million, translating to approximately $3,552 per square foot on the strata area. Foreigners and corporate entities are eligible to purchase, and no Additional Buyer’s Stamp Duty (ABSD) will be imposed.
With a combined strata area of approximately 3,660 sq ft, all four retail units are fully leased, with three of the units leased to a spa and massage establishment and the remaining unit to a hair salon, providing immediate rental income.
Mr Michael Tay (郑兆能), Deputy Managing Director and Head of Capital Markets, Singapore at CBRE, says, “Ground-floor commercial units in the Siglap precinct are highly sought after and rarely available. This opportunity is ideal for both end-users and investors seeking a strategic foothold in a mature residential estate with strong fundamentals. With recent interest rate reductions, we have observed robust demand from family offices and high-net-worth individuals for such commercial retail units in densely populated estates. These assets typically offer stable cash flow, resilient performance during market cycles, and potential for rental upside and capital appreciation.”
The location benefits from strong footfalls from surrounding residential estates. Additionally, it is within 14 minutes’ walk or 4 minutes’ drive to Siglap MRT station on the Thomson East Coast Line. The location is well-connected to other key areas across Singapore, including the Central Business District (CBD) and Orchard Road, and enjoy convenient access to major expressways such as the East Coast Expressway (ECP).
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Release ID: 89193150
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