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Shophouse

Date	Address	Price	Psf	Sqf	Tenure	Shophouse
12 Feb 18	21 Mosque Street	11,700,000	6,815	1,722	Freehold	Landed
11 Feb 18	14/14A Chun Tin Road	6,000,000	3,751	1,604	Freehold	Landed
8 Feb 18	389 Changi Road	3,480,000	2,343	1,485	Freehold	Strata
1 Feb 18	52/54/56 Joo Chiat Road	12,500,000	3,158	3,961	Freehold	Landed
30 Jan 18	Kampong Glam Conservation Area 40 Arab Street	3,100,000	3,384	915	99 Yrs From 1995	Landed
28 Jan 18	417/417A/419 East Coast Road	5,300,000	2,072	2,562	Freehold	Landed
28 Jan 18	290K/290L/290M Joo Chiat Road	3,660,000	2,284	1,604	Freehold	Landed
25 Jan 18	486 Upper Serangoon Road	1,500,000	982	1,528	Freehold	Landed
23 Jan 18	24 Mosque Street	8,100,000	6,025	1,346	Freehold	Landed
22 Jan 18	Boat Quay Conservation Area 64 South Bridge Road	8,280,000	5,522	1,496	99 Yrs From 1951	Landed

Date	Blair Plain Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
May-17	Everton Road - D02	3,200,000	2,063	1,551	Freehold	Shophouse Land
May-17	Kampong Bahru Road - D03	2,750,000	2,310	1,190	Freehold	Shophouse Land
Apr-16	Everton Road - D02	4,300,000	2,874	1,496	Freehold	Shophouse Land
Feb-16	Everton Road - D02	4,450,000	3,097	1,437	Freehold	Shophouse Land
Dec-15	Blair Road - D02	3,228,000	2,133	1,513	Freehold	Shophouse Land

Date	Boat Quay Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
Mar-17	South Bridge Road - D01	10,380,000	6,507	1,595	999 yrs from 1831	Shophouse Land
Nov-16	Boat Quay - D01	13,000,000	9,435	1,378	999 yrs from 1826	Shophouse Land
Oct-16	Boat Quay - D01	12,900,000	9,489	1,359	999 yrs from 1826	Shophouse Land
Aug-16	Boat Quay - D01	7,333,000	7,603	964	999 yrs from 1826	Shophouse Land
Aug-16	Circular Road - D01	7,200,000	7,524	957	999 yrs from 1826	Shophouse Land
Apr-15	Boat Quay - D01	9,300,000	8,916	1,043	999 yrs from 1826	Shophouse Land

Date	Bukit Pason Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
Aug-17	Teo Hong Road - D02	8,928,000	5,155	1,732	Freehold	Shophouse Land
Jun-17	Cantonment Road - D02	7,030,000	5,358	1,312	Freehold	Shophouse Land
Jan-17	Cantonment Road - D02	6,400,000	4,776	1,340	Freehold	Shophouse Land
Oct-16	New Bridge Road - D02	14,500,000	5,706	2,541	Freehold	Shophouse Land
Jun-15	Kreta Ayer Road - D02	7,200,000	4,557	1,580	Freehold	Shophouse Land

Date	Bukit Pason Extension Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
Oct-17	Jiak Chuan Road - D02	9,100,000	6,907	1,318	Freehold	Shophouse Land
Jul-17	Teck Lim Road - D02	13,000,000	8,999	1,445	Freehold	Shophouse Land
May-15	Keong Saik Road - D02	9,300,000	7,297	1,274	Freehold	Shophouse Land

Date	Desker Road Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
Dec-17	Sam Leong Road - D08	4,950,000	3,218	1,538	Freehold	Shophouse Land
Nov-17	Desker Road - D08	3,028,000	2,311	1,310	Freehold	Shophouse Land
Sep-16	Desker Road - D08	3,550,000	2,911	1,220	Freehold	Shophouse Land
Jul-16	Rowell Road - D08	2,500,000	2,141	1,168	Freehold	Shophouse Land

Date	Emerald Hill Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
May-15	Emerald Hill Road - D09	6,000,000	4,220	1,422	Freehold	Shophouse Land

Date	Geylang Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
May-17	Lorong 13 Geylang - D14	2,900,000	1,793	1,618	Freehold	Shophouse Land
Oct-15	Geylang Road - D14	2,900,000	1,884	1,539	Freehold	Shophouse Land
Apr-15	Geylang Road - D14	3,880,000	3,790	1,024	Freehold	Shophouse Land

Date	Kampong Glam Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
Jan-18	Arab Street - D07	3,100,000	3,384	916	99 yrs from 1995	Shophouse Land
Oct-17	Bali Lane - D07	5,000,000	6,943	720	999 from 1833	Shophouse Land
Aug-17	North Bridge Road - D07	4,880,000	3,872	1,260	Freehold	Shophouse Land
May-17	Bussorah Street - D07	5,100,000	4,026	1,267	Freehold	Shophouse Land
Feb-17	Kandahar Street - D07	4,000,000	3,780	1,058	Freehold	Shophouse Land
Jan-17	Haji Lane - D07	3,250,000	6,317	515	999 yrs from 1828	Shophouse Land
Oct-16	Bali Lane - D07	3,800,000	5,139	739	999 yrs from 1833	Shophouse Land
Apr-16	Arab Street - D07	2,450,000	1,535	1,596	99 yrs from 1941	Shophouse Land
Mar-16	Arab Street - D07	4,500,000	4,071	1,105	Freehold	Shophouse Land
Aug-15	Haji Lane - D07	4,400,000	8,753	503	999 yrs from 1828	Shophouse Land
Jul-15	Arab Street - D07	3,900,000	4,645	840	999 yrs from 1828	Shophouse Land

Date	Kreta Ayer Conservation Areas	Price	Psf	Sqf	Tenure	Shophouse
Dec-17	Pagoda Street - D01	23,000,000	7,639	3,011	99 yrs from 1995	Shophouse Land
Jul-17	Temple Street - D01	8,200,000	6,301	1,301	Freehold	Shophouse Land
May-17	Pagoda Street - D01	12,200,000	9,890	1,234	Freehold	Shophouse Land
Feb-17	Temple Street - D01	18,501,000	6,959	2,659	200 yrs from 1872	Shophouse Land
Sep-16	Smith Street - D01	8,800,000	8,208	1,072	Freehold	Shophouse Land
May-16	Upper Cross Street - D01	7,500,000	6,300	1,190	Freehold	Shophouse Land
Oct-15	Smith Street - D01	4,500,000	4,016	1,121	200 yrs from 1872	Shophouse Land
Sep-15	Pagoda Street - D01	9,500,000	7,252	1,310	Freehold	Shophouse Land

Date	Little India Conservation Areas	Price	Psf	Sqf	Tenure	Shophouse
Nov-17	Race Course Road - D08	4,800,000	3,741	1,283	Freehold	Shophouse Land
Nov-17	Veerasamy Road - D08	8,500,000	3,909	2,174	Freehold	Shophouse Land
Nov-17	Jalan Besar - D08	3,868,000	3,479	1,112	Freehold	Shophouse Land
Nov-17	Dalhousie Lane - D08	2,450,000	2,647	926	99 yrs from 1993	Shophouse Land
Sep-17	Madras Street - D08	3,500,000	2,141	1,635	99 yrs from 1994	Shophouse Land
Aug-17	Serangoon Road - D08	5,933,933	4,913	1,208	99 yrs from 1995	Shophouse Land
May-17	Dalhousie Lane - D08	4,000,000	2,310	1,732	99 yrs from 1994	Shophouse Land
Apr-17	Dalhousie Lane - D08	3,400,000	3,866	879	99 yrs from 1993	Shophouse Land
Nov-16	Cuff Road - D08	3,925,000	2,771	1,417	Freehold	Shophouse Land
Aug-16	Serangoon Road - D08	4,800,000	3,964	1,211	99 yrs from 1995	Shophouse Land
Jul-16	Norris Road - D08	4,250,000	2,153	1,974	Freehold	Shophouse Land
Mar-16	Serangoon Road - D08	5,700,000	4,707	1,211	99 yrs from 1995	Shophouse Land
Jan-16	Dickson Road - D08	2,500,000	2,055	1,216	999 yrs from 1859	Shophouse Strata
Oct-15	Chander Road - D08	2,200,000	3,696	595	Freehold	Shophouse Land
Oct-15	Perak Road - D08	3,850,000	2,745	1,403	99 yrs from 1994	Shophouse Land
May-15	Dunlop Street - D08	2,800,000	3,409	821	999 yrs from 1876	Shophouse Land
Mar-15	Buffalo Road - D08	3,500,000	4,699	745	99 yrs from 1991	Shophouse Land

Date	Tanjong Pagar Road Conservation Area	Price	Psf	Sqf	Tenure
Feb-18	Duxton Road - D02	7,300,000	6,809	1,072	99 yrs from 1988	Shophouse Land
Dec-17	Tras Street - D02	8,600,000	5,875	1,464	99 yrs from 1994	Shophouse Land
Nov-17	Craig Road - D02	18,000,000	4,830	3,726	99 yrs from 1989	Shophouse Land
Oct-17	Tanjong Pagar Road - D02	8,263,800	4,182	1,976	99 yrs from 2000	Shophouse Land
Sep-17	Neil Road - D02	4,960,000	3,240	1,531	99 yrs from 1989	Shophouse Land
Mar-17	Tras Street - D02	11,300,000	5,465	2,068	99 yrs from 1995	Shophouse Land
Mar-17	Tras Street - D02	9,200,000	6,066	1,517	99 yrs from 1995	Shophouse Land
Jan-17	Tanjong Pagar Road - D02	8,850,000	5,139	1,722	99 yrs from 1992	Shophouse Land
Nov-16	Craig Road - D02	6,000,000	3,795	1,581	99 yrs from 1989	Shophouse Land
Nov-16	Craig Road - D02	10,800,000	6,528	1,654	99 yrs from 1988	Shophouse Land
Sep-16	Tanjong Pagar Road - D02	6,880,000	5,367	1,282	99 yrs from 1992	Shophouse Land
Jul-16	Tras Street - D02	8,300,000	5,130	1,618	99 yrs from 1994	Shophouse Land
Jun-16	Neil Road - D02	6,500,000	4,585	1,418	99 yrs from 1989	Shophouse Land
Apr-16	Craig Road - D02	6,500,000	3,614	1,799	99 yrs from 1989	Shophouse Land
Jan-16	Duxton Road - D02	4,000,000	3,580	1,117	99 yrs from 1988	Shophouse Land
Dec-15	Craig Road - D02	12,500,000	6,524	1,916	99 yrs from 1988	Shophouse Land
Nov-15	Duxton Road - D02	4,300,000	3,995	1,076	99 yrs from 1988	Shophouse Land
Nov-15	Duxton Hill - D02	9,400,000	7,714	1,218	99 yrs from 1989	Shophouse Land
Aug-15	Duxton Hill - D02	19,600,000	7,719	2,539	99 yrs from 1988	Shophouse Land
Aug-15	Neil Road - D02	6,000,000	4,595	1,306	99 yrs from 1989	Shophouse Land

Date	Telok Ayer Conservation Area	Price	Psf	Sqf	Tenure	Shophouse
Feb-18	Amoy Street - D01	18,000,999	8,048	2,237	999 yrs from 1827	Shophouse Land
Jan-18	South Bridge Road - D01	8,280,000	5,522	1,499	99 yrs from 1951	Shophouse Land
Sep-17	Ann Siang Road - D01	10,380,000	7,796	1,332	999 yrs from 1827	Shophouse Land
Sep-17	Telok Ayer Street - D01	11,800,000	8,255	1,429	999 yrs from 1829	Shophouse Land
Jul-17	Stanley Street - D01	12,650,000	7,845	1,612	Freehold	Shophouse Land
Jul-17	Amoy Street - D01	7,100,000	7,462	952	999 yrs from 1833	Shophouse Land
Jun-17	Ann Siang Road - D01	9,100,000	7,756	1,173	999 yrs from 1827	Shophouse Land
Apr-17	South Bridge Road - D01	7,808,888	5,230	1,493	999 yrs from 1823	Shophouse Land
Mar-17	Stanley Street - D01	12,300,000	8,865	1,387	Freehold	Shophouse Land
Jan-17	Amoy Street - D01	12,800,000	6,288	2,035	999 yrs from 1827	Shophouse Land
Dec-16	Amoy Street - D01	6,458,888	6,466	999	999 yrs from 1833	Shophouse Land
Oct-16	Boon Tat Street -D01	19,000,000	10,711	1,774	999 yrs from 1884	Shophouse Land
Oct-16	Amoy Street - D01	4,950,000	5,792	855	999 yrs from 1833	Shophouse Land
Oct-16	Amoy Street - D01	4,950,000	6,003	825	999 yrs from 1833	Shophouse Land
Aug-16	Stanley Street - D01	8,200,000	4,849	1,691	Freehold	Shophouse Land
Jun-16	Stanley Street - D01	9,280,000	6,507	1,426	Freehold	Shophouse Land
Mar-16	Amoy Street - D01	20,250,000	7,244	2,795	999 yrs from 1827	Shophouse Land
Oct-15	Telok Ayer Street - D01	10,500,000	8,941	1,174	999 yrs from 1827	Shophouse Land
Oct-15	Telok Ayer Street - D01	7,700,000	6,768	1,138	199 yrs from 2003	Shophouse Land
Oct-15	Ann Siang Hill - D01	3,168,000	5,066	625	999 yrs from 1827	Shophouse Land
Sep-15	Stanley Street - D01	8,800,000	5,745	1,532	Freehold	Shophouse Land

BEFORE BUYING

What you need to know before forking out a tidy sum for it.

What’s the purpose for your purchase?

Whether you are considering a shophouse as a business office, residence, investment property or retail unit, determine whether the area you are looking at is a good fit for the purpose of your potential purchase. For instance, Chinatown has many shophouses being used as business offices and retail units, while Cairnhill and Emerald Hill are known as residential historic districts.

Find out more about zoning

Are you allowed to use your shophouse of choice for its intended purpose? Shophouses are officially zoned for different uses, depending on their location. Some shophouses are zoned residential, with shop units on the first floor and residential units on the upper floors.

Other shophouses are zoned commercial, but like those zoned residential, can also have shops on
the first floor and residences on the upper floors. Bars, food catering businesses and religious activities are among the uses not permitted on the premises of both residential and commercial shophouses. Depending on your intended use for it, you may need to obtain planning permission from the authorities. You can find out more about which activities require planning permission and which do not at the Urban Redevelopment Authority’s (URA) official website

The pros and cons of conservation

There are several Historic Conservation Districts in Singapore, under which shophouses fall into three categories: Historic Districts, Residential Historic Districts and Settlements. There are different rules for buying and refurbishing shophouses in these districts.

For instance, shophouses in a Historic District such as Kampong Glam must be fully conserved, whether you convert the use of your shophouse to residential or commercial. In a Residential Historic District, the rules are less stringent, and you may make slight modifications to your shophouse. For full details on Historic Conservation Districts, study the URA’s Conservation Guidelines

CLAIMING GST

Shophouse, Before registration

Pre-registration GST Incurred on Goods

You must satisfy all of the following conditions:

The goods are purchased or imported by your business for the purpose of making taxable supplies (standard-rated supplies and zero-rated supplies);
For goods acquired within 6 months before the date of your GST registration, the goods are still held by your business at GST registration; For example: Trading Stock: GST incurred on your trading goods is not claimable if the goods have been sold prior to your GST registration date
For goods acquired more than 6 months before the date of your GST registration, the goods have not been consumed (i.e. used) or supplied by your business before the date of your GST registration; and For example: F&B and Hotel Accommodation: GST incurred on food and beverages consumed by your staff and hotel accommodation incurred by your staff before your GST registration are not claimable.
The pre-registration GST claims are not disallowed under Regulation 26 and 27 of the GST (General) Regulations.

Pre-registration GST Incurred on Property Rental, Utilities and Services

You must satisfy all of the following conditions:

The expenses are incurred by your business for the purpose of making taxable supplies (standard-rated supplies and zero-rated supplies);
The expenses are incurred by your business within 6 months before the date of your GST registration;
The expenses are not directly attributable to supplies made by your business before the date of your GST registration; and For example: General Adminstrative Expenses: GST incurred on your office rental, utilities and maintenance services for your business premises are not directly attributable to supplies made before registration.
The pre-registration GST claims are not disallowed under Regulations 26 and 27 of the GST (General) Regulations.

Apportionment of Pre-Registration GST

Pre-registration GST is allowable only to the extent that the goods or services acquired are used or to be used for taxable supplies made after GST registration.

If some of the goods acquired within 6 months before your GST registration date have been sold, transferred or disposed of, you are required to apportion the GST incurred according to the actual units held at your registration date.

If the goods acquired by you more than 6 months before your GST registration date have been used to make supplies straddling your GST registration (i.e. supplies before and after GST registration) or have been partially consumed before your GST registration, you are required to apportion the GST incurred.

Similarly, if the services, property rental or utilities acquired by you are used to make supplies straddling your GST registration, you are required to apportion the GST incurred. Only the portion of GST that is attributable to the supplies made after registration is claimable.