Shophouse Price per Sq Ft in Singapore: Conservation & Commercial

Short answer

Singapore shophouse prices per sq ft vary widely by location, tenure, size and condition, so no single figure applies. Prices are quoted either per sq ft of land area or of built-up (gross floor) area, and the two differ materially. Check recent URA REALIS caveats and transactions before relying on any headline psf.

Two bases: Land psf vs built-up (GFA) psf
Biggest drivers: Location, tenure, land area
Best record: URA REALIS caveats
Avoid: Comparing different bases

Reviewed November 2026.

Bar chart ranking the relative influence of location, tenure, size, condition and tenancy on Singapore shophouse price per sq ft — What moves shophouse price per sq ft

Land-area psf vs built-up psf

Terrace shophouses are landed, so many sale reports quote price per sq ft of land area, while valuers and some brokers quote per sq ft of gross floor area (GFA) or strata area. A building with three storeys on a small plot will look expensive on a land-area basis and cheaper on a GFA basis. Always confirm the basis before comparing deals.

Basis	What it divides by	Best used for
Land psf	Site (land) area	Comparing redevelopment or whole-building deals
Built-up / GFA psf	Total floor area across storeys	Comparing income-producing floor space
Strata psf	Strata unit area	Individually titled shophouse units, where applicable

Five step diagram for comparing Singapore shophouse prices per sq ft like for like — Compare psf like for like

What drives psf differences

Precinct: CBD-fringe areas such as Tanjong Pagar and Telok Ayer generally price above outer-fringe and east-side precincts.
Tenure: freehold and 999-year stock generally trades at a premium to shorter leaseholds.
Use class: commercial use with F&B or office flexibility is valued differently from residential-use shophouses.
Condition and restoration status: restored, compliant buildings reduce a buyer's near-term capex.
Frontage, depth, party-wall condition and rear access.
Existing tenancy: lease length and rent relative to market.

Area comparison checklist

Area type	Typical demand driver	Where to verify
CBD fringe (Tanjong Pagar, Telok Ayer, Club Street)	Office workers, F&B, boutique offices	URA REALIS, EdgeProp transaction reports
City fringe (Kampong Glam, Jalan Besar, Bugis)	Tourism, lifestyle, creative tenants	URA REALIS, SRX
East side (Joo Chiat, Katong)	Residential catchment, lifestyle F&B	URA REALIS, SRX
Orchard fringe (Emerald Hill, Cairnhill)	Residential-use scarcity	URA REALIS, brokerage research

Sources and further reading

URA – Urban Redevelopment Authority — REALIS, property market statistics, conservation guidelines
EdgeProp Singapore — Transaction reports and commercial market commentary
SRX Property — Transaction and listing data, market reports

Figures and rules change; confirm current details with the source before transacting. See also all investment and market pages.

Commission a conservation-aware valuation

We price URA conservation grade, tenure residual, F&B licensing readiness, and streetscape scarcity — not brochure comps alone.

Access curated off-market conservation assets

Join our Private Deal Room for introductions to freehold and 999-year leasehold shophouses reserved for serious principals.

Frequently Asked Questions

What is the average price per sq ft of a Singapore shophouse?+

There is no single reliable average because shophouses differ in land size, tenure, conservation grade and use. Compare recent URA REALIS transactions for the same precinct, tenure and basis (land or built-up area) instead.

Why do two shophouse deals on the same street show very different psf?+

Differences in land versus built-up basis, tenure, number of storeys, restoration status, tenancy and frontage can all move psf substantially, even within a single street.

Are freehold shophouses always more expensive per sq ft?+

Freehold and 999-year tenures generally command a premium over shorter leaseholds, but location and building quality can outweigh tenure in any single transaction.

Where can I check recent shophouse sale prices?+

URA REALIS lists caveated transactions, and EdgeProp and SRX publish transaction reports and search tools. Brokerage research from firms such as Knight Frank adds commentary.

What is the price per sq ft of a conservation shophouse for sale in Singapore?+

It varies by precinct, tenure, size and condition. Pull recent comparable conservation shophouse sales from URA REALIS and compare on the same land or built-up basis, or browse current conservation shophouses for sale for asking-price context.