A strata-titled shophouse unit at 25 Binjai Park is on sale for $4.4 million. The 999-year leasehold property, which is zoned 'Residential with Commercial at 1st Storey', will be sold in an Expression of Interest (EOI) exercise managed by Huttons Asia.

The two-storey property has a total strata area of 1,388 sq ft, and the guide price works out to about $3,170 psf. The EOI will close on November 2.

It is among a row of 16 shophouses along Binjai Park, in a two-storey semi-detached landed neighbourhood between three Good Class Bungalow (GCB) areas in Bukit Timah - Kilburn Estate, Binjai Park, and Swiss Club Road. This row of mixed-use shophouses is within walking distance of King Albert Park MRT station on the Downtown Line.

The ground-floor unit of the shophouse is currently tenanted by a tuition centre, and the property will be sold with its existing tenancy. With its 999-year leasehold tenure, the property is effectively a freehold asset, says Huttons.

The marketing agency adds that there are only a handful of strata-titled commercial units in this area, with most of the existing supply holding shorter land leases.

“Commercial ownership within the Binjai Park estate remains tightly held, making opportunities to acquire a unit rare," says Yeo Khee Liang, Associate Senior Marketing Director at Huttons Asia. He adds that only 16 of these strata mixed-use units are available in this neighbourhood.

At the listed guide price, he also expects to receive buying interest from investors and family offices, as well as owner-occupiers like boutique operators and wellness or education businesses looking for a foothold in this prime landed enclave.

This particular pocket in Bukit Timah is set to receive more footfall in the next few years. King Albert Park MRT station will become an interchange when the second phase of the Cross Island Line opens in 2032.

Nearby, the development of Bukit Timah Turf City is set to introduce up to 20,000 new public and private homes, with the first new condo - Dunearn House - launched earlier this year.

The most recent recorded sale in the same stretch of shophouses on Binjai Park was back in November 2024, when a slightly smaller unit that spanned 1,334 sq ft was sold for $3.9 million. That was also a strata-titled, 999-year leasehold mixed-use shophouse.

Shophouse buyers are still closing deals, but mostly on large quantum assets

Shophouse buying activity has generally thinned this year, according to earlier reports by Stacked. In 3Q2026, shophouse activity declined 18.6% y-o-y compared to the same period in 2025.

Market watchers say that this might be the result of a tough macroeconomic environment, which is leading many investors and family offices who typically buy these units to adopt a more cautious stance.

It is also possible that some shophouse deals go unreported, especially when there are no caveats lodged to record the sale. That's especially true for the shophouse market, where wealthy buyers and family offices want to keep the transaction private.

However, although recorded transactions indicate that sales volume has waned this year, prices have been largely resilient. This implies that although buyers are more cautious, quality assets still held their own in terms of price.

Citing market data that it has compiled, Huttons reported that 70% of shophouse transactions so far this year were worth $5 million or more, as higher-value deals continue to dominate the market.

That could suggest that acquisitions at the low- to middle-end of the price range in the shophouse market may have pulled back, but the high-end deals have remained largely unfazed.

On the other hand, shophouse rents have held up well and did not significantly change in 3Q2026 compared to the same period the previous year. Overall, F&B and restaurant openings are continuing to flourish as tourism in Singapore increases.

“Interest in the shophouse market strengthened in 3Q2026. The segment continues to attract wealth, underpinned by favourable interest rates, constrained supply, and foreign ownership regulations elsewhere in the property market," says Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia.

He adds that with limited supply of these highly desirable properties, shophouse valuations remain well-supported over the long term.