For Sale
For Sale · Telok Ayer / District 01
Telok Ayer 999-Year Conservation Shophouse
S$12,800,000
38 Amoy Street, Singapore 069860
A rare 999-year leasehold Telok Ayer shophouse with full commercial zoning and no Additional Buyer’s Stamp Duty (ABSD). Positioned on Amoy Street within the historic Telok Ayer Conservation Area, this Grade 2 façade asset offers restaurant-ready ground floor space and two upper levels suited to boutique offices or private dining. Qualifying Certificate exemptions apply for foreign corporate purchasers of commercial property under current IRAS guidelines.
Property highlights
- 999-year leasehold Telok Ayer shophouse — among the longest residual tenures in the CBD fringe
- Full commercial zoning with no ABSD for individuals or entities
- URA conservation grade façade with approved rear extension envelope
- Proven F&B licensing pathway and change of use history
- Walking distance to Tanjong Pagar MRT and Telok Ayer MRT
Key specifications
- Tenure
- 999-year leasehold from 1823
- Zoning
- Full commercial zoning — no ABSD
- Floor area
- 3,200 sqft
- Conservation
- URA Conservation Grade 2
- Type
- Conservation
- Indicative yield
- 2.8–3.2% gross
Explore related research
This asset sits in Telok Ayer (District 01–02 CBD). Compare peers in Conservation for sale, then underwrite with the 2026 conservation investing guide, ABSD commercial vs residential, and URA conservation buyer manual.
Related listings
Frequently Asked Questions
What is the tenure of Telok Ayer 999-Year Conservation Shophouse?+
This property is held under 999-year leasehold from 1823. Confirm remaining term and covenants during legal due diligence.
Does ABSD apply to this asset?+
Zoning is described as: Full commercial zoning — no ABSD. Full commercial zoning typically means no ABSD and buyer stamp duty commercial properties treatment — verify with counsel.
What conservation controls apply?+
Listed as URA Conservation Grade 2. Façade and roofscape retention obligations will guide any works or F&B fit-out.
How can I arrange a viewing?+
Submit the inquiry form on this page or request Private Deal Room access. Off-market and exclusive viewings are scheduled for qualified principals.