A freehold conservation shophouse located at 12 Blair Road has been launched for sale by private treaty, with an asking price of $13 million. The property is exclusively marketed by PropNex Realty, which notes that the guide price reflects approximately $2,720 per square foot (psf) based on the shophouse’s estimated gross floor area (GFA) of 4,780 sq ft.
Positioned within the Blair Plain Conservation Area, the two-and-a-half-storey shophouse sits on a 1,580 sq ft land plot. The property underwent comprehensive additions and alterations (A&A) works in late 2024, blending its historical façade with a refreshed interior suitable for both commercial and lifestyle use. The upgraded space features a modern lift, new air-conditioning systems, and five washrooms, including one that is fully accessible for persons with disabilities.
The shophouse also comes with full fire-safety certification and has been reconfigured to accommodate retail, F&B, or office usage, subject to approval from the Urban Redevelopment Authority (URA). The rear portion includes a light-filled atrium and flexible open-plan layouts ideal for businesses seeking a distinctive heritage setting in a central location.
Located within a row of conserved shophouses along Blair Road, the property enjoys close proximity to Outram Park MRT Interchange, which connects to the East-West, North-East, and Thomson-East Coast Lines. Popular destinations such as Tanjong Pagar, Keong Saik Road, and Chinatown are within walking distance, providing convenient access to dining, retail, and hospitality amenities.
PropNex highlights that the asset’s location and freehold tenure make it a rare opportunity in the city-fringe district, particularly for investors seeking stable long-term capital appreciation. The conservation status of Blair Plain enhances its charm and ensures architectural preservation, while nearby developments continue to strengthen the precinct’s appeal to both locals and expatriates.
“This property represents an exceptional opportunity to own a piece of Singapore’s architectural heritage in a prime location,” said a spokesperson from PropNex Realty. “The unique blend of traditional design and modern enhancements allows flexibility for investors to configure it as a boutique office, concept café, or luxury lifestyle space.”
Foreign investors are also eligible to purchase the shophouse, as it falls under commercial zoning. This means buyers are exempt from Additional Buyer’s Stamp Duty (ABSD), making it an attractive proposition for overseas buyers and family offices seeking a secure asset in Singapore’s property market.
The property’s Temporary Occupation Permit (TOP) is expected to be granted by early 2026, allowing future owners to commence operations soon after. With demand for boutique commercial spaces on the rise, the shophouse is expected to attract strong interest from both investors and end-users.
Market analysts note that freehold conservation shophouses remain a highly sought-after asset class, particularly in established heritage districts such as Blair Plain, Emerald Hill, and Joo Chiat. Limited supply and rising demand for unique spaces that blend history with functionality have continued to drive prices upward, even amid a moderated market.
“Shophouses in heritage zones continue to outperform broader commercial segments due to their scarcity and cultural value,” said a property consultant. “Investors view them not only as income-generating assets but also as legacy properties that hold enduring prestige.”
As the shophouse market in Singapore remains resilient, 12 Blair Road stands out as a prime example of how conservation charm, accessibility, and strong investment fundamentals can coexist. For investors and business owners alike, this property presents a unique chance to secure a timeless piece of Singapore’s built heritage within one of the city’s most character-rich neighbourhoods.
