Trio of Chinatown Shophouses for Sale at $48M: Why Institutional Capital Targets Heritage Assets

12 August 2026 · PropertySpy Research

Image: EdgeProp.sg

Three adjoining three-storey conservation shophouses at 42, 44, and 46 Smith Street in Chinatown have been launched for sale via Expression of Interest with a guide price of $48 million ($4,660 psf on GFA), fully exempt from ABSD.

Key Takeaways

•Contiguous 48m Frontage: Exceptional street presence and footfall in Chinatown historic core.

•ABSD & SSD Exemption: Fully commercial zoning allows both local and foreign buyers zero stamp duty penalties.

•F&B Approved Ground Floor: High-yielding hospitality and retail leases deliver immediate net cashflow.

A highly coveted cluster of three adjoining freehold conservation shophouses at 42, 44, and 46 Smith Street in District 1 has been launched for sale via Expression of Interest (EOI) with an indicative guide price of $48 million. Boasting a combined land area of approximately 3,150 sq ft and an estimated gross floor area of 10,300 sq ft, the properties offer prominent frontage on Chinatown's bustling tourist and dining thoroughfare.

"Commercial conservation shophouses remain the premier defensive asset class for foreign high-net-worth investors due to complete exemption from ABSD." — PropertySpy Market Note

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