Savills Singapore, as the exclusive marketing agent, is pleased to present the sale of 8 North Canal Road – a 999-year conservation shophouse steeped in history. The three-storey building with attic shophouse occupies a land plot of 953 square feet with a total built-up area of approximately 3,154 square feet. Located within the Raffles Place financial and conservation districts, the Property is surrounded by a vibrant mix of heritage shophouses, commercial office buildings, and well-known F&B establishments such as Ibid, a Michelin Guide Asian fusion restaurant, and the long-standing Hock Lam Beef Noodles.
Prominent landmarks and commercial buildings in the vicinity include OCBC Centre, UOB Plaza, One Raffles Place, Bank of Singapore Building, CapitaSpring, and Boat Quay, reinforcing the Property’s prime position within the heart of Singapore’s financial core. The property itself has been meticulously maintained by its long-time owner, with its original façade and traditional building layout carefully preserved. The interiors have been kept in clean, functional condition, offering a strong foundation for any future uses.
The shophouse will be sold with vacant possession, allowing incoming investors to explore alternative uses such as food and beverage (F&B), gym, or wellness concepts (subject to authorities’ approval) to further enhance the value of the property.
Ms Yap Hui Yee, Executive Director, Investment Sales & Capital Markets, Savills Singapore, said, “Shophouses along 8 North Canal Road have always formed a lively and tightly held stretch. The property presents investors with a rare opportunity to acquire a 999-year shophouse rich in history and character. Offered with vacant possession, the Property’s prime location provides strong potential for value enhancement through conversion into various commercial uses like F&B, retail, office, or wellness concepts. Its strategic location and proximity to major financial institutions further enhance its appeal as a prestigious investment opportunity in the heart of the CBD.”
The property is just a short walk from Raffles Place MRT Interchange station and Clarke Quay MRT station, offering seamless connectivity to the Central Business District and major city landmarks. Zoned “Commercial” under the 2025 Master Plan, no Seller’s Stamp Duty (SSD) or Additional Buyer’s Stamp Duty (ABSD) will be applicable. Foreigners and companies are also eligible to purchase.
The indicative guide price is S$16.8 million. The sale will be conducted through an Expression of Interest (EOI) exercise, closing on Friday, 5 December 2025, at 3pm.
