LORONG TELOK — RARE 999-YEAR CONSERVATION SHOPHOUSE IN DISTRICT 1

Boat Quay Conservation Area | Singapore CBD | Legacy Commercial Asset

Asking Price: S$26,000,000
Land: Approx. 1,411 sqft
Built-Up: Approx. 4,631 sqft
Tenure: 999 Years
Current Rental Income: Approx. S$21,000 per month

In the heart of Singapore's financial district lies an asset that simply cannot be recreated — Lorong Telok, a rare 999-year conservation shophouse within the historic Boat Quay Conservation Area.

This is not merely another commercial property. It represents an opportunity to own a piece of Singapore's architectural and commercial heritage, surrounded by the modern skyline of Raffles Place, the Singapore River and the Downtown Core.

URA identifies Boat Quay as one of Singapore's historic districts. Lorong Telok forms part of the historic precinct that was once the centre of trading activities along the Singapore River and today has evolved into a highly sought-after commercial, dining and lifestyle destination.

A CONSERVATION ASSET THAT CANNOT SIMPLY BE REPLICATED

The significance of Lorong Telok lies in the powerful combination of conservation status + 999-year tenure + District 1 CBD location.

Conservation protects the historic character of these buildings, creating an inherently limited supply of comparable properties. Unlike modern commercial developments that can be replaced or redeveloped, heritage shophouses possess an architectural identity and scarcity that have attracted private investors, family offices and high-net-worth buyers seeking long-term legacy assets.

The property has previously been documented as a three-storey conservation shophouse with attic, commercially zoned and within walking distance of Raffles Place MRT.

LOCATION, LOCATION, LOCATION

The location is arguably its greatest strength.

Lorong Telok sits between Boat Quay, Circular Road and the Singapore River, immediately adjacent to Singapore's premier financial district.

Within minutes are Raffles Place, Boat Quay, Clarke Quay, Fullerton, Chinatown, Marina Bay and the broader Downtown Core.

This places the property within an enormous catchment of bankers, lawyers, professionals, multinational corporations, tourists and affluent residents — supporting demand for F&B, offices and lifestyle businesses.

Connectivity is equally compelling, with Raffles Place MRT (NS26/EW14) and Clarke Quay MRT (NE5) within convenient walking distance. Raffles Place provides direct access to both the North-South and East-West Lines.

INCOME-PRODUCING FROM DAY ONE

The property currently generates approximately S$21,000 per month, equivalent to approximately S$252,000 in annual rental income.

At the S$26 million asking price, this represents a current gross yield of approximately 0.97% before expenses. Therefore, this property should not be viewed purely as a yield play.

Its stronger proposition is scarcity, preservation of wealth, extraordinarily long tenure, strategic CBD landholding and potential long-term capital appreciation.

Current asking prices for other 999-year conservation shophouses within the immediate Boat Quay/Circular Road precinct have reached approximately S$28 million to S$30 million, although differences in land area, floor area, condition, tenancy and permitted use mean these should only be treated as broad market references rather than direct valuations.

A COMMERCIAL ASSET WITH INVESTOR APPEAL

Previous marketing of Lorong Telok identified the property as commercially zoned, with approved F&B use on the ground floor at that time. Commercial zoning also meant that ABSD was not applicable and foreign buyers were eligible to purchase. Buyers should obtain current legal and tax advice to confirm how prevailing regulations apply to their circumstances.

For the right investor, the opportunity is therefore much bigger than its existing rental income.

It is the opportunity to secure 1,411 sqft of land in the heart of District 1, together with approximately 4,631 sqft of built-up space, a 999-year tenure and the irreplaceable character of a Singapore conservation shophouse.

WHY LORONG TELOK?

✓ Rare 999-year conservation shophouse
✓ Prestigious Boat Quay Conservation Area
✓ Prime District 1 CBD address
✓ Approx. 1,411 sqft land
✓ Approx. 4,631 sqft built-up
✓ Existing rental income of approx. S$21,000/month
✓ Walking distance to Raffles Place & Clarke Quay MRT
✓ Surrounded by Singapore River, Boat Quay, Marina Bay & Chinatown
✓ Immediate access to Singapore's financial and business district
✓ Commercial property with potential appeal to local, corporate and international investors
✓ Scarce heritage asset suitable for long-term wealth preservation

S$26 MILLION — OWN A PIECE OF SINGAPORE'S HISTORY

Buildings can be constructed. Offices can be redeveloped. New commercial projects will continue to enter the market.

But another historic conservation shophouse cannot simply be created in the heart of Boat Quay.

That scarcity is what distinguishes Lorong Telok.

For the discerning investor, family office or corporation looking beyond short-term yield, this is an opportunity to acquire a 999-year legacy property at the intersection of Singapore's past, present and future — heritage architecture surrounded by one of Asia's most important financial centres.

LORONG TELOK | DISTRICT 1

S$26,000,000 | 999 Years | Conservation | Income-Producing

A heritage landmark. A CBD landholding. A legacy asset for generations.

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