Photo of Shophouse along Crane Road (Source: Huttons Asia)
A conserved intermediate terrace shophouse located at Crane Road has put up for sale via an Expression of Interest (EOI) exercise by Huttons Asia Pte Ltd, with a guide price of $8 million.
The freehold property sits on a land area of approximately 1,309 sq ft and comprises a two-storey conserved frontage with a three-storey rear extension and attic. The total built-up area is estimated at 3,387 sq ft, translating to a guide price of about S$2,362 per sq ft (psf) on built-up area.
Located within the Joo Chiat conservation area, the property sits in an established city fringe residential enclave characterised by conserved architecture and low-rise housing. It is also within proximity to educational institutions such as Tanjong Katong Primary School and Haig Girls’ School.
The asset falls within a residential zoning under the Master Plan 2025 and has completed an extensive addition and alteration works in the second quarter of 2025. The property has been configured to accommodate multiple ensuite bedrooms and is served by lift access on all levels. This aligns with the evolving requirements for multi-generational living. It is also designed as a dual-key property with its own flights of staircases in the front and rear wing respectively.
According to the Urban Redevelopment Authority, conserved shophouses in Singapore number in the range of approximately 6,500 to 7,200 units across residential, commercial and mixed-use categories. These assets are subjected to conservation guidelines and represent a limited and finite segment of Singapore’s built heritage.
Mr Hugo Xu, Associate Senior Branch District Director at Huttons Asia, said that conserved residential properties are increasingly viewed as an alternative asset class within Singapore’s property market.
“In recent years, we have observed a segment of buyers allocating capital into conserved assets as part of their longer-term wealth preservation strategies. Unlike conventional residential supply, conserved properties are inherently finite, and this supply constraint can support value retention over time,” he said.
He added that due to their accessibility and underlying land value, properties located within established city fringe districts tend to benefit from sustained demand.
Mr Tan Chew Ming, Associate Division Director at Huttons Asia, noted that the appeal of such assets is further strengthened when major upgrading works have already been completed.
“For many buyers, the ability to acquire a conserved property that has undergone upgrading reduces the uncertainty typically associated with restoration works. This allows more immediate usability while preserving the architectural integrity that defines these properties,” he said.
“The median price of new non-landed homes in District 15 has exceeded $2,700 psf in 2026. With an asking price of $2,362 psf, this is a rare opportunity for buyers to acquire a piece of history and heritage”, said Mr Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia.
The EOI exercise will close on 30th April 2026 at 4pm.
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For further information, please contact:
Hugo Xu, Associate Senior Branch District Director, R017343Z
Tel: +65 8858 2319 | [email protected]
Huttons Asia Pte. Ltd. (Licence No: L3008899K)
Tan Chew Ming, Associate Division Director, R063825D
Tel: +65 9455 5471 | [email protected]
Huttons Asia Pte. Ltd. (Licence No: L3008899K)