Description

Timeless Heritage Meets Contemporary Investment Appeal

Presented exclusively by Christie’s International Real Estate Singapore, this rare ground-floor shophouse unit at 23 Yong Siak Street offers discerning investors an exceptional opportunity to own a freehold commercial space in one of Singapore’s most characterful neighbourhoods.

Spanning 1,453 sqft, the property is currently home to a contemporary art gallery — its thoughtfully designed rectangular layout complemented by high ceilings and abundant natural light from a rear skylight. The result is a bright, open space ideal for gallery, retail, or boutique concepts, located within the heritage-rich Tiong Bahru–Tanjong Pagar enclave, long celebrated for its creative energy and enduring appeal.

With its commercial zoning and freehold tenure, the property is eligible for purchase by both local and foreign buyers. The current owner is prepared to lease back the space at S$15,000 per month for two years, providing an attractive 3% rental yield and immediate investment return. Supported by bank valuation indications in line with the asking price, this opportunity combines stability, rarity, and style — hallmarks of a Christie’s property.

Property Highlights:

• Prime ground-floor commercial unit at 23 Yong Siak Street

• Freehold tenure with commercial zoning — eligible for foreign purchase

• Spacious 1,453 sqft layout with clean rectangular proportions

• Naturally lit interior enhanced by a rear skylight and generous ceiling height

• Vendor leaseback option: S$15,000/month for 2 years (~3% yield)

• Asking Price: S$6,100,000

• Supported by bank valuation indicators at or near the asking price

• Located in the vibrant Tiong Bahru / Tanjong Pagar district — a lifestyle and investment hotspot

A world-class portfolio. An exceptional opportunity. Contact us today.