Circular Road 999 Years 4 Storey Conservation Shophouse

Circular Road / Raffles Place

S$ 28,000,000


sqft

4,402

sqft

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S$ 6,360.75

psf


640 m (8 mins) from NS25/EW13 City Hall MRT

830 m (10 mins) from NE5 Clarke Quay MRT


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Property details

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Shop / Shophouse for sale
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Fully fitted
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999-year lease
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Listed on 19 Jun 2026
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Listing ID - 500176306
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4,402 sqft floor area

About this property

Rare 999-Year Restored Conservation Shophouse

Situated in the highly coveted Boat Quay lifestyle and financial precinct, 38 Circular Road presents high-net-worth individuals, family offices, and institutional investors with a generational wealth preservation opportunity. Fully refurbished at the end of 2023, this absolute-premium asset seamlessly pairs historical prestige with robust, immediate commercial yield. 

Strong Immediate Cash Flow & Yield Breakdown
The property is being sold with existing, stable tenancies securely in place across all four levels. It features an anchor F&B setup on the ground floor and modern, corporate/lifestyle tenants on the upper storeys. 

1st Floor (F&B Approved): $13,800 / month
2nd Floor: $9,500 / month
3rd Floor: $5,500 / month
4th Floor (with Open Roof Terrace): $7,700 / month
Total Monthly Rental Income: $36,500
Annualized Rental Revenue: $438,000

Core Investment Highlights

1. Generational 999-Year Tenure
With a leasehold status tracing back to 1826, this asset offers the long-term capital safety of a freehold property. Commercial conservation shophouses within Singapore's core CBD are strictly finite, ensuring elite scarcity value and strong capital appreciation over time. 
2. Comprehensive $800,000 Asset Refurbishment
Investors save significantly on immediate capital expenditure. A meticulous, top-to-bottom restoration was completed in late 2023. Upgrades include: 
A beautifully repainted and restored heritage facade with integrated feature lighting. 
Brand-new interior flooring, modern air-conditioning systems, and upgraded lighting. 
Refreshed washrooms outfitted with premium finishes and contemporary fittings. 

3. Dynamic Precinct Transformation
Circular Road has rapidly evolved from a standard nightlife strip into a highly curated, premium dining and lifestyle enclave.
Amenities
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Car parking outside

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FAQs
The sale price of this unit at Circular Road 999 Years 4 Storey Conservation Shophouse is S$ 28,000,000.
Current PSF at Circular Road 999 Years 4 Storey Conservation Shophouse is about S$ 6,360.75 psf.
The estimated loan repayment is S$ 106,941 / mo.
Circular Road 999 Years 4 Storey Conservation Shophouse is located at Circular Road / Raffles Place Boat Quay / Raffles Place / Marina City & South West (D01-08).
Floor size of this unit at Circular Road 999 Years 4 Storey Conservation Shophouse is 4,402 sqft.
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