Type

Units

Min Area

Price Range

Other

2605 sqft

S$11.7M

Property Highlights

Landed development with 1 unit currently available.
Prices currently start from S$11.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$2.3M on this acquisition.
Located 6 min (500 m) from TE16 Havelock MRT Station.

Price Trends & Rental Yield

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

267 Outram Road: A Prime Shophouse Investment Opportunity

Outram Road remains one of Singapore's most sought-after commercial corridors, attracting both established businesses and discerning property investors for decades. 267 Outram Road represents a significant commercial property asset within this iconic neighbourhood, offering buyers the opportunity to own a stake in one of the island's most vibrant mixed-use precincts. The shophouse format provides inherent flexibility, permitting occupancy by a single business or strategic subdivision across multiple tenants, making it an adaptable investment vehicle for owner-operators and portfolio investors alike.

The property commands a prominent position within the Outram district, an area characterised by its dense concentration of corporate offices, hospitality venues, independent retailers, and heritage-listed establishments. This mixed-use ecosystem creates a naturally buoyant tenant market and provides multiple revenue streams for astute investors. Whether deployed as a flagship retail showroom, boutique F&B establishment, professional services office, or creative studio, the property's inherent commercial zoning and established foot traffic patterns support diverse operational models.

Connectivity and Accessibility

Proximity to Havelock MRT Station (TE16), situated approximately 500 metres from the property, positions this asset within a highly connected transport node. The station serves as a major interchange on Singapore's circle line, offering seamless connectivity across the wider metropolitan area. For retail and service-based businesses, this accessibility translates to consistent customer throughput and employee convenience, both key drivers of operational efficiency and tenant retention. The walkable catchment from Havelock Station encompasses residential clusters, corporate headquarters, and hospitality precincts, creating multiple demand vectors for occupancy.

Space Configuration and Adaptability

The approximately 2,605 sqft footprint provides ample scope for creative space planning. Contemporary commercial operators increasingly value mid-sized retail units that avoid the inflexibility of oversized flagship spaces whilst offering more presence than confined boutique outlets. This dimensional band has proven particularly attractive to lifestyle brands, dining concepts, and professional service providers seeking an established location without the capital intensity of larger retail floors. The shophouse typology also permits potential internal reconfiguration, subject to regulatory approval, enabling tenants to tailor layouts to operational requirements.

Investment Merit and Capital Appreciation Drivers

Outram Road's historical trajectory demonstrates sustained capital appreciation across economic cycles. The district's position as a CBD-fringe area, coupled with ongoing urban renewal initiatives and increased residential density in nearby precincts, continues to underpin property values. Investors evaluating this asset should consider the combination of operational rental income, potential for tenant upgrades over successive lease cycles, and the underlying land value trajectory within a supply-constrained central area. The propensity for boutique businesses to occupy distinctive shophouse units, rather than homogenised modern retail boxes, supports premium pricing relative to standardised mall-based retail space.

Tenure and Ownership Structure

Ownership of a shophouse asset on Outram Road provides security of tenure unavailable through leasehold arrangements on modern commercial developments. Where freehold title applies, or where long-lease tenure extends substantially, owners benefit from indefinite value retention and freedom from lease decay considerations that increasingly constrain older leasehold commercial properties. This structural advantage becomes particularly material over extended holding periods and provides optionality for eventual residential conversion or heritage-focused redevelopment in future decades.

Market Context and Competitive Positioning

The commercial retail landscape has undergone significant structural change, with traditional high street and shophouse precincts increasingly valued as alternatives to conventional mall-based retail. Consumer behaviour increasingly favours discovery-led shopping experiences and independent operator venues, precisely the positioning that Outram Road commands. This secular shift has arrested previous depreciation trends affecting traditional shophouse retail and created a nascent revaluation across well-located precincts.

Tenant Market Fundamentals

The availability of suitable retail space within Outram's immediate vicinity has tightened considerably. Competing shophouse properties frequently command full occupancy at elevated rental rates, suggesting underlying demand strength within this micro-market. New market entrants seeking Outram Road positioning face limited vacant inventory, creating a favourable environment for incumbent property owners to achieve rental rate growth and minimise vacancy exposure. F&B operators particularly prize Outram Road for its established hospitality ecosystem and ambient foot traffic from both office workers and visitors.

Future-Proofing and Neighbourhood Evolution

The immediate district surrounding Outram Road continues to evolve, with neighbouring precincts experiencing increased residential density and commercial intensity. This gradual densification supports sustained or escalating tenant demand, as the customer and worker base expands. Forward-looking investors should view this property not merely as a static income-generating asset but as a strategic holding positioned to benefit from decade-long urban intensification trends affecting Singapore's core business district.

Frequently Asked Questions

What rental yield can I reasonably expect if I purchase 267 Outram Road as an investment property?

Shophouse retail investments on Outram Road typically achieve gross rental yields in the region of 3–5%, depending on the specific tenant mix and lease structure negotiated. The absolute yield figure will depend on the acquisition price paid and the prevailing rental rates achievable for this particular unit at the time of purchase. Commercial retail space within the Outram micro-market has demonstrated rental rate resilience across market cycles, with established F&B and professional service operators willing to pay premium rates for well-positioned shophouse units. Investors should model yields using comparable recent lettings on similar Outram Road properties rather than relying on historical benchmarks, as tenant preferences and space utilisation patterns continue to evolve.

How does the per-square-foot pricing on Outram Road shophouses compare to recent market transactions?

Commercial shophouse pricing on Outram Road has demonstrated considerable variation based on tenant profile, lease structure, and specific site characteristics. Recent transactions for comparable retail shophouses in this corridor have ranged broadly, with pricing influenced by factors such as ground-floor versus upper-storey positioning, historical tenant longevity, and proximity to major transport nodes. Direct comparison to this 2,605 sqft asset requires analysis of recent arms-length sales of similar footprints within the immediate Outram precinct; properties with established income-producing tenants typically command premiums relative to vacant or owner-occupied units. Prospective buyers should engage local commercial agents to obtain recent transaction data and comparable asking prices for properties of analogous size and tenant profile within the past 6–12 months.

Does Additional Buyer's Stamp Duty (ABSD) apply if I purchase this property as a second residential property?

If you are a Singapore Citizen purchasing 267 Outram Road as a second residential property, you would be liable for Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% of the purchase price, levied on top of standard Stamp Duty. This represents a significant transaction cost that must be factored into your investment thesis and cash flow projections. ABSD applies regardless of whether the property will be owner-occupied or rented out; the classification as a second residential property triggers the duty upon completion. However, it is crucial to verify the exact property classification and zoning with the Inland Revenue Authority of Singapore (IRAS) and your legal adviser, as certain commercial properties may be classified differently for ABSD purposes, and exemptions or alternative treatment may apply to specific commercial or mixed-use arrangements.

What is the lease tenure of 267 Outram Road, and does lease decay present a resale concern?

The lease tenure structure of 267 Outram Road must be verified as part of your due diligence; Outram Road properties exist under varying tenures including freehold and long-lease holdings. Freehold shophouse properties on Outram Road are not subject to lease decay and retain indefinite residual value, providing superior long-term ownership security compared to time-bound leasehold interests. Should the property carry a long-lease tenure, the specific number of years remaining becomes a material factor affecting resale value and financing availability, as lending institutions apply increasingly stringent loan-to-value ratios to properties with depleting lease terms. Prospective purchasers must obtain a full title search and seek independent legal advice to confirm tenure status and any specific conditions affecting future resale or refinancing optionality.

How does proximity to Havelock MRT Station influence demand and long-term capital appreciation for this shophouse?

Havelock MRT Station (TE16) represents a major transport interchange on the Circle Line, positioning this property within a highly accessible employment and leisure corridor. The 500-metre proximity directly benefits retail and service-based businesses by ensuring consistent customer and employee foot traffic, supporting both rental rate sustainability and tenant quality. From a capital appreciation perspective, properties within walkable distances of major MRT stations have historically outperformed those in less accessible locations, as Singapore's transport infrastructure development increasingly defines neighbourhood desirability and commercial viability. The ongoing expansion and intensification of commercial activity around major transport nodes creates a favourable long-term backdrop for properties like this, where accessibility becomes an increasingly valuable attribute relative to alternatives requiring private vehicle or longer transit times to reach.

Is this property suitable for first-time property buyers, or is it primarily an investor asset?

267 Outram Road is primarily suited to experienced property investors, owner-operators of established businesses, and high-net-worth individuals rather than first-time residential buyers. The property is zoned and positioned as a commercial retail asset, not a primary residence, and would require either direct business operation or active landlord involvement to generate returns. First-time buyers seeking owner-occupied residential properties would be better served by the residential new launch or resale markets within distinct residential precincts. However, financially sophisticated first-timers with established business interests or intent to operate an F&B or retail venture may find the owner-occupied route attractive, providing both a business platform and potential residential conversion optionality in future decades, though this would require careful tax and planning consideration.

What financing options are available, and what Total Debt Servicing Ratio (TDSR) headroom exists at typical price points?

Commercial property financing is available through Singapore's major banks, typically at loan-to-value ratios of 60–75% for investment properties with established tenant profiles and revenue-producing leases. TDSR calculations for commercial property financing differ from residential calculations, with lenders typically assessing the property's income-generating capacity and the borrower's broader debt obligations. At an acquisition price in the region of S$11–12 million (or adjusted figures if current pricing differs), prospective investors should anticipate minimum equity capital requirements of S$3–4 million, depending on the lender's assessment of tenant quality and lease structure. TDSR constraints are generally less binding for commercial property investments held by incorporated entities or experienced investors with diversified balance sheets; however, individuals should model repayment obligations against projected rental income to ensure adequate servicing capacity. Engagement with a mortgage broker familiar with commercial property financing is strongly recommended to assess your specific borrowing capacity.

How does this property compare to nearby competing developments or shophouse clusters in Outram?

The Outram Road shophouse cluster is characterised by individually owned properties rather than modern commercial development schemes, making direct comparisons complex. Competing retail space within the immediate vicinity includes both traditional shophouse units and purpose-built retail strata properties, each offering distinct advantages and constraints. Comparative advantages of 267 Outram Road depend heavily on its specific tenant profile, lease remaining term, and maintenance condition relative to alternatives; well-maintained units with blue-chip F&B or professional service tenants typically command rental and capital value premiums over owner-occupied or vacant comparables. Investors should conduct a detailed competitive scan of recent lettings and sales across the Outram precinct to establish whether this particular property represents fair value or premium pricing relative to alternatives; properties immediately adjacent to major corporate offices or high-volume pedestrian flows typically achieve superior tenant retention and rental resilience.

Are certain unit stacks or floor levels likely to offer better value for money than others?

For commercial retail shophouses on Outram Road, ground-floor units typically command significant premiums over upper-storey spaces due to superior visibility, direct street access, and foot traffic exposure—considerations particularly material for F&B and consumer-facing retailers. Mezzanine or upper-storey spaces within the same building may present relative value opportunities for professional services, design studios, or office-based operators less reliant on walk-in customer traffic, though the lower visibility may constrain tenant demand and rental rates achieved. The specific value proposition of any given floor within 267 Outram Road depends on current tenant occupancy, lease remaining terms, and the building's layout; investors should conduct a full building survey and rent-achieving analysis for each level before forming acquisition conclusions. Strategic positioning at street level with immediate Outram Road frontage typically justifies acquisition premiums that prove justified over extended holding periods.

What is the future supply pipeline in the Outram district, and could new competing retail developments undermine this property's value?

The Outram district is largely built-out with limited greenfield or major redevelopment opportunities given its status as an established commercial and heritage precinct. New commercial supply is primarily occurring through intensification of existing precincts rather than wholesale new building; most emerging supply is positioned within purpose-built mixed-use developments rather than traditional shophouse formats. This constrained supply environment is fundamentally supportive of existing shophouse values, as owners benefit from natural scarcity value and reduced competitive leakage to new-generation retail alternatives. However, the gradual shift towards online retail and changing hospitality models means that future demand for physical retail space cannot be guaranteed at historical levels; investors should model conservative occupancy and rental rate assumptions rather than assuming perpetual growth. The shophouse format's inherent flexibility—permitting rapid tenant swaps, unit subdivision, or eventual residential conversion—provides natural downside protection against prolonged secular retail decline, making this asset more resilient than specialised single-use commercial properties.

[For Sale] Shop At Outram Road — From S$11.7M