Two rare assets on the market, reflecting appetite for tightly-held Singapore commercial property

Singapore, 1 September 2026 – Knight Frank Singapore is pleased to bring two rare city-centre commercial assets to market, as investors continue to seek well-located options with long tenures, income potential and operational flexibility.

The ground-floor shop at Nomu is a freehold strata commercial unit comprising approximately 1,335 sq ft. Strategically located close to Dhoby Ghaut MRT station and within walking distance of established shopping malls Plaza Singapura and The Cathay, the asset enjoys prominent frontage along Handy Road and benefits from naming and signage rights. Currently tenanted, it offers immediate rental income.

The three-storey commercial conservation shophouse at North Canal Road is located within the Boat Quay Conservation Area. Held on a rare 999-year tenure, the asset occupies a site area of approximately 953 sq ft and offers an estimated gross floor area of 3,154 sq ft. Positioned directly opposite OCBC Centre, it is short walk from Raffles Place and Clarke Quay MRT stations and surrounded by a well-established mix of conserved shophouses, office buildings, hotels, restaurants, cafés and lifestyle destinations, creating a highly active commercial environment throughout the day.

Both assets offer flexibility for a range of commercial uses including offices, education, wellness, showroom and retail concepts, subject to the relevant approvals. Foreign buyers are eligible to acquire them, since no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) are applicable.

Ms Mary Sai (蔡竺樾), Executive Director, Capital Markets, Knight Frank Singapore (执行董事,资本市场部, 莱坊), says, "Freehold and near-freehold commercial opportunities remain limited in Singapore, particularly within established city-centre precincts where supply is naturally constrained. This scarcity has supported sustained interest from private investors, family offices and owner-occupiers seeking assets that combine wealth preservation with future upside.

“Buyers today are becoming more selective, focusing on assets that offer scarcity, visibility and flexibility of use. What makes these opportunities stand out is that they provide exposure to two of Singapore's most established commercial precincts through assets that are difficult to replicate and seldom available for acquisition."

For more details about either property, reach out to Mary Sai.