38 Circular Road

A rare chance to acquire a 999-year leasehold shophouse — effectively perpetual ownership — in one of Singapore's most iconic and tightly-held riverside addresses. Offering an estimated land area of 1,141 sqft and built-up of approximately 4,402 sqft across 4 storeys, this shophouse sits at the heart of Boat Quay's celebrated F&B and professional services strip, steps from Raffles Place MRT.

Partially tenanted with immediate value-add opportunity:
- 1st Floor: $13,800/month (until 17 May 2027)
- 2nd Floor: $9,000/month (until 8 Jul 2028)
- 3rd Floor: $5,500/month (until 27 Mar 2027)
- 4th Floor: Vacant — immediate leasing upside
- Current income: $28,300/month | $339,600/year

Investment Highlights:
- 999-year tenure from 1826 — among the most prestigious holding structures in Singapore's shophouse market
- Value-add play — vacant 4th floor offers immediate income enhancement upon acquisition
- Staggered lease expiries in 2027 and 2028 allow landlord to reset rents to prevailing market rates
- Prime Boat Quay address — one of Singapore's highest-footfall F&B and entertainment corridors
- Steps from Raffles Place MRT, surrounded by CBD's financial and professional services cluster
- Circular Road commands perennial investor demand with near-zero freehold and 999-year supply

Contact Jacklyn at 8***** for a virtual tour or to arrange a private viewing.