_Portfolio of Three Properties in District 8 Launched for Sale by Expression of Interest
Singapore, 29 April 2025 – International property consultant Knight Frank Singapore, as the exclusive marketing agent, is pleased to announce a portfolio of three properties for Sale by Expression of Interest (EOI). Comprising two properties along Roberts Lane and a residential unit at Upper Weld Road, they may be sold on a portfolio or piecemeal basis.
The properties located at Nos. 28 and 32 Roberts Lane are both zoned Residential with Commercial on the first storey. Roberts Lane is strategically located adjacent to Farrer Park MRT station, a short three-minute walk away from the properties.
Popular co-living brands such as Cove, The Assembly Place, and other boutique suites have already established their presence in this prime city-fringe location, drawn by its excellent accessibility. The neighbourhood is undergoing a transformation; major developments like mixed-use development Piccadilly Grand saw its apartments fully sold at an average price of $2,141 per square foot, while another 1,600 new Housing and Development Board flats will be erected on the site that used to be Farrer Park Swimming Complex.
No. 28 Roberts Lane is situated on a land plot of 2,003 sq ft, with a gross floor area (GFA) of about 8,522 sq ft. The six-storey building enjoys excellent visibility amidst rows of shophouses in the vicinity. Featuring a shop on the ground floor with full road frontage and five apartments from the second to sixth floors, the property also comes with access to the upper floors via a lift and staircase. A comparable property at No. 3 Roberts Lane with a land area of 2,986 sq ft and GFA of about 10,474 sq ft was sold at $15.25 m in December 2024.
Ms Mary Sai (蔡竺樾), Executive Director, Capital Markets, Knight Frank Singapore (执行董事,资本市场部, 莱坊) said, “An outline permission was recently granted to allow a change of use of the apartments at second to sixth storeys to Serviced Apartments II (SA2), which we believe enhances the investment proposition of the property. Further, this property was on the market last year at a guide price of $16.88 million, and in view of current market sentiment emerging from global tariff turmoil, the guide price has been attractively revised to $14 million, or $1,642 per square foot on the total GFA. The prospective owner will also have the naming rights for the building.”
The second property, No. 32 Roberts Lane, located just two doors down, is a two-storey conservation shophouse with an attic. Sited on a land size of 1,244 sq ft with a GFA of about 2,200 sq ft, and fully tenanted, it is on the market at a guide price of $5.5 million. The shophouse falls within the secondary settlement area, thus the new owner will be able to value-add by increasing the existing floor area, which is possible through rear extensions. In January this year, a two-storey shophouse at Desker Road with a land size of 1,204 sq ft was sold at the same amount.
The third property in this portfolio, a 4-bedroom walk-up flat along Upper Weld Road, has a floor area of 1,378 sq ft and a guide price of $1.68 million.
Mary added, “District 8 has seen more shophouse transactions over the past few years compared to the areas in the city centre. There have been over 143 caveated freehold or 999-year tenure shophouse transactions there since 2022. District 8 remains an attractive locality for investors due to the palatable investment quantum and attractive capital values.
“Farrer Park is an exciting district undergoing gentrification to offer a wider range of lifestyle, education, sports and medical facilities. These new developments will revitalize the area, reflecting investors’ sustained confidence in the enclave’s potential.”
The EOI closes on Tuesday, 29 May 2025, at 3:00 PM.
Photos for use
No. 28 Roberts Lane
No. 32 Roberts Lane
Upper Weld Road
Source: Knight Frank
For media queries, please contact:
Leanne Teo
Director, Marketing, Communications, Legal and Compliance, Knight Frank Singapore
leanne.teo@sg.knightfrank.com | +65 9188 8228 | +65 6228 6825
Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 27,000 people operating from over 740 offices across more than 50 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the firm, please visit knightfrank.com. Knight Frank has a strong presence in Singapore with a head office and two subsidiaries: Knight Frank Property Asset Management and KF Property Network. For further information about the Company, please visit www.knightfrank.com.sg.