ERA Appointed to Market Conservation Shophouse in Tras Street for Sale by Expressions of Interest at SGD $15.6 million

ERA Realty Network Pte Ltd ("ERA"), as the exclusive marketing agent, announced today the launch of 38 Tras Street, a commercial conservation shophouse in the Chinatown-Tanjong Pagar Conservation Area, for sale by Expressions of Interest (“EOI”). 

The property has a site area of 120.6 sq m (approximately 1,298 sq ft) and a floor area of 319.0 sq m (approximately 3,434 sq ft), subject to final survey. Based on the guide price of S$15.6 million, this translates to S$4,543 per sq ft (“psf”) on the existing floor area.

The property is held on a 99-year lease from 14 March 1995, with approximately 68 years remaining. Under the URA Master Plan 2025, it is zoned Commercial and lies within the Chinatown–Tanjong Pagar conservation area.

38 Tras Street comprises a three-storey intermediate conservation shophouse with an attic. A restaurant occupies the first storey, while the upper floors comprise serviced accommodation units, offering prospective purchasers the opportunity to acquire an income-producing commercial asset in an established location.

The property enjoys excellent connectivity and is within convenient walking distance of Maxwell MRT Station on the Thomson-East Coast Line and Tanjong Pagar MRT Station on the East-West Line. It is also readily accessible via major arterial roads and expressways, including Anson Road, Shenton Way, Keppel Road, the Marina Coastal Expressway (“MCE”) and Ayer Rajah Expressway (“AYE”).

Located in one of Singapore’s most established business and lifestyle precincts, the property benefits from a broad and diversified catchment comprising office workers, residents, hotel guests and visitors. The immediate Tanjong Pagar and Duxton precinct is home to a vibrant mix of restaurants, cafés, bars and lifestyle concepts, with popular destinations along Tras Street itself, as well as nearby Duxton Hill, Keong Saik Road and Craig Road contributing to the strong footfall and sustained demand in the locality.

As the property is zoned Commercial under the URA Master Plan 2025, its acquisition is not subject to Additional Buyer’s Stamp Duty (“ABSD”). Foreigners and companies are also eligible to acquire the property, subject to prevailing laws and regulations. In addition, as the vendor is not GST-registered, no Goods and Services Tax (“GST”) will be charged on the sale, thereby reducing the upfront acquisition cost for the purchaser.

Pearl Lok, Director, Capital Markets & Investment Sales at ERA, said: “38 Tras Street presents investors with an opportunity to acquire an income-producing conservation shophouse in a prominent CBD location. We expect the property to appeal to investors, family offices and owner-occupiers seeking a distinctive commercial real estate asset with strong locational attributes.”

She added: “The property has also undergone minor renovation works recently, which may help reduce the upfront capital expenditure required by the purchaser. Coupled with its existing tenancies and prominent location at Tras Street, we believe the asset presents an attractive opportunity for investors seeking exposure to Singapore’s commercial conservation shophouse segment.”

The sale of this property is on an “as-is-where-is” basis. 

The Expressions of Interest (EOI) exercise closes on Thursday, 24 September 2026 at 3.00 p.m. (Singapore time).

For media enquiries, please contact: 

Eugene Syn
PR Manager
eugene.syn@era.com.sg