Under Master Plan 2025, the site is zoned for commercial use, with planning approval for restaurant use on first and second storeys.
The property’s 99-year leasehold tenure began on May 7, 1994. The shophouse features a high ceiling on the first floor and an internal airwell that draws in natural light, enhancing the overall spatial quality and ambience, says ETC in a Jan 12 statement.
The shophouse is located 180m from Tanjong Pagar MRT station and 360m to Maxwell MRT station. Open to both local and foreign buyers, the property is not subject to any Additional Buyer's Stamp Duty or Seller's Stamp Duty.
Interested parties should submit their offers to ETC by 3pm on Feb 10.
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Swee Shou Fern, head of investment advisory at ETC, says: “Tras Street, within the Tanjong Pagar precinct, has firmly established itself as one of Singapore’s most vibrant city enclaves. It is underpinned by a strong mix of offices, hotels, premium residences and a diverse dining and lifestyle scene. Conservation shophouses with F&B approval in this area are especially sought-after, given their scarcity, resilient tenant demand and the ability to capture both office crowds and tourist footfall.”
