A conserved intermediate terrace shophouse located at Crane Road is up for sale at 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 $2,362 psf on built-up area, according to Huttons Asia, which is marketing the property.
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 completed extensive addition and alteration works in 2Q2025.
The property has been configured to accommodate multiple en-suite bedrooms and is served by lift access on all levels. This aligns with the evolving requirements for multi-generational living, says Huttons.
It is also designed as a dual-key property with its own flights of staircases in the front and rear wing respectively.
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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, says Huttons.
Hugo Xu, associate senior branch district director at Huttons Asia, says 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,” adds Xu.
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Tan Chew Ming, associate division director at Huttons Asia, says 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,” Tan adds.
The median price of new non-landed homes in District 15 has exceeded $2,700 psf so far this year. “With an asking price of $2,362 psf, this is a rare opportunity for buyers to acquire a piece of history and heritage”, says Lee Sze Teck, senior director of data analytics at Huttons Asia.
The expression of interest exercise for the property will close at 4pm on April 30.
