Thinking of renting a shophouse to kickstart your startup or small business?
Here’s the good news: if you don’t venture into the CBD, shophouses are actually pretty inexpensive to rent.
In this blog post, we’ve curated a list of five most affordable shophouse rental options in Singapore. These shophouses will only set you back by $1,100 to $1,700 per month, and they’re perfect for business owners on a budget.
#1: Shophouse at Indus Garden
Nearest MRT: Tiong Bahru
Size: 130 sq ft
Rent price: $1,100
PSF rent price: $8.46
This shophouse is located at Indus Garden, a HDB estate that lies along Indus Road. Neighbours include a vet, coffee shop, a pet groomer, and a ValueMax; there’s also Beo Crescent Market & Food Centre, which is just a short walk away. The $1,100 that you’ll be paying each month is inclusive of utilities, making this unit a huge steal.
#2: Shophouse at 465 North Bridge Road
Nearest MRT: Lavender
Size: 330 sq ft
Rent price: $1,300
PSF rent price: $3.94
Heads up: this listing is actually for half a shophouse at 465 North Bridge Road, but seeing as the space is pretty roomy, you might be able to make it work. The shophouse is within walking distance to the Immigrations & Checkpoints Authority, so if you’re running a business that’s related to immigration services or domestic workers, you’ll be right at home. The space is located on the second floor, and comes with air-conditioning.
#3: Shophouse at People’s Park Centre
Nearest MRT: Chinatown
Size: 312 sq ft
Rent price: $1,500
PSF rent price: $4.81
Remember how we mentioned that it’s possible to rent a cheap-ish shophouse in Singapore as long as you’re not gunning for the CBD? This listing at People’s Park Centre is an exception – it’s affordable, and it’s located in town. The unit is located on the third floor, and it comes bare so that you can easily transform it into the shophouse of your dreams.
#4: Shophouse at 1 Jalan Kukoh
Nearest MRT: Fort Canning, Clarke Quay
Size: 150 sq ft
Rent price: $10
PSF rent price: $1,500
Looking for a shophouse that can double up as an office? Check out this space at 1 Jalan Kukoh, which comes fitted with desks, chairs, storage, and other office furniture. For food options, you’re just a short stroll away from 21 Kukoh Food Centre, an old-school coffee shop where you can get all sorts of cheap eats. Note that the nearest MRT stations are quite a distance away, and you might have to rely on driving or Grab to get around.
#5: Shophouse at 133 Jalan Bukit Merah
Nearest MRT: Tiong Bahru
Size: 400 sq ft
Rent price: $1,700
PSF rent price: $4.25
This shophouse at 133 Jalan Bukit Merah is located in a residential area, with a hair salon and a Salvation Army branch as neighbours. For $1,700, you’ll get half the shop space (400 sq ft), but you can also choose to rent the entire shop space (800 sq ft) at $3,300. The shophouse comes with an attached toilet and a wide back gate for easy access.
Are you thinking of renting a shophouse for your business? Voice your thoughts in our comments section or on our Facebook community page.
Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.
Image credits for featured image: PastPerfect.sg.