What are the current transactions for commercial buildings under expression of interest?

Currently, there are several notable commercial building transactions in Singapore that are being conducted through the expression of interest (EOI) process.

One significant example is the sale of five adjoining prime freehold conservation shophouses located at 185, 187, 189, 191, and 193 Joo Chiat Road. These shophouses are zoned 'Commercial' and offer a total land area of approximately 6,185 square feet and a combined gross floor area of about 14,647 square feet. The properties are fully leased to reputable Food & Beverage (F&B) operators and lifestyle brands, generating steady rental yields. The EOI for these shophouses closes on March 25, 2025, and they are available for collective or individual sale.

These conservation shophouses present a rare opportunity for investors, developers, and end-users due to their prime location, strong tenant profile, and significant redevelopment potential. The area of Joo Chiat has seen increasing popularity as a lifestyle and retail destination, attracting niche brands and specialty businesses.

This transaction highlights the ongoing interest in commercial assets in Singapore, particularly in heritage-rich and strategically located areas.