{"id":94423,"date":"2026-03-12T13:40:25","date_gmt":"2026-03-12T05:40:25","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=94423"},"modified":"2026-03-13T12:14:48","modified_gmt":"2026-03-13T04:14:48","slug":"cantonment-road-for-sale-at-s17-8m","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/cantonment-road-for-sale-at-s17-8m\/","title":{"rendered":"Cantonment Road for sale at S$17.8M: A rare freehold hospitality asset with a 4.5% yield potential in District 2"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p><span style=\"font-weight: 400;\">Singapore\u2019s property market in 2026 continues to stand out for its stability and long-term resilience. After a period of adjustment in 2024, confidence returned steadily through 2025, particularly for high-quality, supply-constrained assets. In this environment, freehold landed properties remain among the most tightly held and highly prized investments.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">That is precisely why<\/span><a href=\"https:\/\/www.99.co\/singapore\/sale\/property\/cantonment-road-landed-iZHWdPtKVeUiNxGjDjfCcD\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> Cantonment Road<\/span><\/a><span style=\"font-weight: 400;\"> deserves attention.\u00a0<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This is not just a freehold building in District 02. It is a fully operational boutique serviced apartment, recently refurbished to brand-new standards, combining heritage architecture, modern efficiency, and proven income performance \u2013 all within walking distance of the CBD.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">As the marketing agent, <\/span><a href=\"https:\/\/www.99.co\/singapore\/agents\/R061170D-charlene-ho-s-e\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Charlene Ho<\/span><\/a><span style=\"font-weight: 400;\"> notes, \u201cI don\u2019t think you\u2019ll see another opportunity like this come up in the next 20 years.\u201d<\/span><\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h3>Table of contents<\/h3><ul><li><a href=\"#h-why-district-02-freehold-land-is-so-rare\" data-level=\"2\">Why District 02 freehold land is so rare<\/a><\/li><li><a href=\"#h-a-property-with-pedigree\" data-level=\"2\">A property with pedigree<\/a><\/li><li><a href=\"#h-an-architectural-profile-where-heritage-meets-modern-utility\" data-level=\"2\">An architectural profile where heritage meets modern utility<\/a><\/li><li><a href=\"#h-strategic-location-the-district-02-nexus\" data-level=\"2\">Strategic location: The District 02 nexus<\/a><ul><li><a href=\"#h-transit-infrastructure-and-connectivity\" data-level=\"3\">Transit infrastructure and connectivity<\/a><\/li><li><a href=\"#h-proximity-to-economic-and-lifestyle-hubs\" data-level=\"3\">Proximity to economic and lifestyle hubs<\/a><\/li><\/ul><\/li><li><a href=\"#h-future-value-catalyst-the-greater-southern-waterfront\" data-level=\"2\">Future value catalyst: The Greater Southern Waterfront<\/a><ul><li><a href=\"#h-the-marina-bay-effect-on-tanjong-pagar\" data-level=\"3\">The \u201cMarina Bay effect\u201d on Tanjong Pagar<\/a><\/li><\/ul><\/li><li><a href=\"#h-a-proven-hospitality-engine\" data-level=\"2\">A proven hospitality engine<\/a><\/li><li><a href=\"#h-redevelopment-potential-under-ura-nbsp\" data-level=\"2\">Redevelopment potential under URA\u00a0<\/a><\/li><li><a href=\"#h-market-alternatives-and-opportunity-cost\" data-level=\"2\">Market alternatives and opportunity cost<\/a><ul><li><a href=\"#h-comparison-with-ccr-luxury-condominiums\" data-level=\"3\">Comparison with CCR luxury condominiums<\/a><\/li><li><a href=\"#h-comparison-with-good-class-bungalows\" data-level=\"3\">Comparison with Good Class Bungalows<\/a><\/li><\/ul><\/li><li><a href=\"#h-a-dual-track-investment-profile\" data-level=\"2\">A dual-track investment profile<\/a><ul><li><a href=\"#h-charlene-ho\" data-level=\"3\">Charlene Ho<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-district-02-freehold-land-is-so-rare\"><b>Why District 02 freehold land is so rare<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">District 02, home to Tanjong Pagar, Shenton Way, and pockets of historic Chinatown, has long been shaped by its commercial heartbeat. Because of that, private freehold landed homes here are almost unheard of. In fact, transaction records over the past few years show that only two or three such properties change hands annually.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This isn\u2019t a temporary shortage, but a structural reality. There is effectively no upcoming pipeline of new landed supply on the CBD fringe. So when a freehold plot with an approved hospitality licence like this becomes available, it isn\u2019t just rare \u2013 it\u2019s the kind of opportunity that turns heads.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For family offices, institutional investors, and ultra\u2011high\u2011net\u2011worth buyers, opportunities like this tick several boxes at once: perpetual land ownership for long-term capital preservation, recurring cash flow from an established serviced apartment operation, and strategic positioning in a district set to evolve dramatically alongside the Greater Southern Waterfront transformation.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In a market where prime assets are often strata-titled, leasehold, or purely speculative, the combination of whole\u2011plot ownership, licensing versatility, and immediate CBD proximity is incredibly hard to come by.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-property-with-pedigree\"><b>A property with pedigree<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Beyond location, Cantonment Road carries a notable lineage. The asset has been a long-term holding of the founding family of Oversea-Chinese Banking Corporation (OCBC). It is now being divested by the daughter of one of its founders, with proceeds directed toward philanthropic causes.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This detail is more than anecdotal. It reflects long-term stewardship rather than speculative development. For a buyer, that implies careful maintenance, conservative management, and a clean ownership history \u2013 attributes that matter at this price point.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-an-architectural-profile-where-heritage-meets-modern-utility\"><b>An architectural profile where heritage meets modern utility<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">The building represents a thoughtful integration of conservation and modern expansion. The original colonial-style fa\u00e7ade has been preserved in accordance with URA guidelines, while a four-storey rear extension maximises functional floor space.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The site occupies 2,414 square feet of land and delivers a total Gross Floor Area (GFA) of 6,760 square feet. Temporary Occupation Permit (TOP) was obtained in 2025 following comprehensive redevelopment works.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The GFA is distributed as follows:<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><b>Level<\/b><\/td><td><b>GFA (sq m)<\/b><\/td><td><b>GFA (sq ft)<\/b><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">1st Storey<\/span><\/td><td><span style=\"font-weight: 400;\">146.76<\/span><\/td><td><span style=\"font-weight: 400;\">1,580<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">2nd Storey<\/span><\/td><td><span style=\"font-weight: 400;\">174.65<\/span><\/td><td><span style=\"font-weight: 400;\">1,880<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">3rd Storey<\/span><\/td><td><span style=\"font-weight: 400;\">167.38<\/span><\/td><td><span style=\"font-weight: 400;\">1,801<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">4th Storey<\/span><\/td><td><span style=\"font-weight: 400;\">139.25<\/span><\/td><td><span style=\"font-weight: 400;\">1,499<\/span><\/td><\/tr><tr><td><b>Total<\/b><\/td><td><span style=\"font-weight: 400;\">628.04<\/span><\/td><td><span style=\"font-weight: 400;\">6,760<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">The building comprises nine fully self-contained serviced apartment units, ranging from 359 to 453 square feet.&nbsp;<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1600\" height=\"1200\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-7-1.jpeg\" alt=\"\" class=\"wp-image-94426\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-7-1.jpeg 1600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-7-1-1536x1152.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Each studio has been designed with a boutique feel and includes a kitchenette and smart home features aligned with modern hospitality expectations.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1600\" height=\"1200\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-14-1.jpeg\" alt=\"\" class=\"wp-image-94427\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-14-1.jpeg 1600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-14-1-1536x1152.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">A key advantage along Cantonment Road is that every unit comes with its own en-suite bathroom. Many older conversions in the area still rely on shared facilities. By offering fully private configurations, the property enhances guest comfort and positions itself more competitively within the corporate and premium short-stay market.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><b>Unit<\/b><\/td><td><b>Size (sqft)<\/b><\/td><td><b>Size (sqm)<\/b><\/td><td><b>Description<\/b><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 01<\/span><\/td><td><span style=\"font-weight: 400;\">359<\/span><\/td><td><span style=\"font-weight: 400;\">33.42<\/span><\/td><td><span style=\"font-weight: 400;\">Ground-floor access for added convenience<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 02<\/span><\/td><td><span style=\"font-weight: 400;\">415<\/span><\/td><td><span style=\"font-weight: 400;\">38.58<\/span><\/td><td><span style=\"font-weight: 400;\">Efficient, practical layout<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 03<\/span><\/td><td><span style=\"font-weight: 400;\">426<\/span><\/td><td><span style=\"font-weight: 400;\">39.66<\/span><\/td><td><span style=\"font-weight: 400;\">Premium studio configuration<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 04<\/span><\/td><td><span style=\"font-weight: 400;\">377<\/span><\/td><td><span style=\"font-weight: 400;\">35.07<\/span><\/td><td><span style=\"font-weight: 400;\">Well-positioned on a mid-floor<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 05<\/span><\/td><td><span style=\"font-weight: 400;\">384<\/span><\/td><td><span style=\"font-weight: 400;\">35.75<\/span><\/td><td><span style=\"font-weight: 400;\">Mid-floor positioning<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 06<\/span><\/td><td><span style=\"font-weight: 400;\">402<\/span><\/td><td><span style=\"font-weight: 400;\">37.41<\/span><\/td><td><span style=\"font-weight: 400;\">Upper-floor studio<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 07<\/span><\/td><td><span style=\"font-weight: 400;\">377<\/span><\/td><td><span style=\"font-weight: 400;\">35.07<\/span><\/td><td><span style=\"font-weight: 400;\">Consistent, functional design<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 08<\/span><\/td><td><span style=\"font-weight: 400;\">453<\/span><\/td><td><span style=\"font-weight: 400;\">42.10<\/span><\/td><td><span style=\"font-weight: 400;\">The largest studio in the building<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Unit 09<\/span><\/td><td><span style=\"font-weight: 400;\">377<\/span><\/td><td><span style=\"font-weight: 400;\">35.07<\/span><\/td><td><span style=\"font-weight: 400;\">Dual-key potential<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">On the fourth level, one unit offers dual-key potential \u2013 providing valuable operational flexibility. It can be configured to welcome families or adapted to optimise higher-yield corporate stays, depending on your strategy.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1600\" height=\"1200\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-16-1.jpeg\" alt=\"\" class=\"wp-image-94428\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-16-1.jpeg 1600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-16-1-1536x1152.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The building is served by a modern lift and fully complies with current fire safety and building regulations. All furniture, fixtures, and equipment (FF&amp;E) are included in the sale, ensuring seamless continuity of operations. This turnkey approach allows you to take ownership without disruption to existing performance.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1600\" height=\"1200\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-5.jpeg\" alt=\"\" class=\"wp-image-94429\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-5.jpeg 1600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-5-1536x1152.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">Altogether, the architectural care, upgraded technical specifications, and operational readiness position Cantonment Road as more than a conserved property. It is both a character-rich heritage asset and a fully modern, income-generating investment \u2013 designed for resilience, functionality, and long-term value.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strategic-location-the-district-02-nexus\"><b>Strategic location: The District 02 nexus<\/b><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1280\" height=\"668\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/Map-View-1-e1773290472623.jpeg\" alt=\"\" class=\"wp-image-94430\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Cantonment Road occupies a unique position at the edge of Singapore\u2019s Central Business District (CBD). It acts as a transition point between the historic Chinatown precinct and the modern financial core. The area is highly walkable, and within minutes, one can reach corporate headquarters, lifestyle enclaves, healthcare institutions, and MRT interchanges.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This blend of heritage atmosphere and business convenience enhances the property\u2019s appeal across multiple guest profiles.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-transit-infrastructure-and-connectivity\"><b>Transit infrastructure and connectivity<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Connectivity remains one of Singapore\u2019s most important drivers of property value, and Cantonment Road benefits from access to several major MRT lines within a short walking distance.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><b>Transport node<\/b><\/td><td><b>Approximate walking time<\/b><\/td><td><b>Connecting lines<\/b><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Outram Park MRT<\/span><\/td><td><span style=\"font-weight: 400;\">8 minutes<\/span><\/td><td><span style=\"font-weight: 400;\">East-West, North-East, Thomson-East Coast<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Tanjong Pagar MRT<\/span><\/td><td><span style=\"font-weight: 400;\">7\u201310 minutes<\/span><\/td><td><span style=\"font-weight: 400;\">East-West<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Maxwell MRT<\/span><\/td><td><span style=\"font-weight: 400;\">5 minutes<\/span><\/td><td><span style=\"font-weight: 400;\">Thomson-East Coast<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Cantonment MRT (U\/C)<\/span><\/td><td><span style=\"font-weight: 400;\">5 minutes<\/span><\/td><td><span style=\"font-weight: 400;\">Circle Line<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Chinatown MRT<\/span><\/td><td><span style=\"font-weight: 400;\">15 minutes<\/span><\/td><td><span style=\"font-weight: 400;\">North-East, Downtown<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">The completion of Circle Line Stage 6, including the Cantonment and Keppel stations, will close the loop around the city centre. Once operational, this expansion is expected to enhance accessibility to emerging employment nodes such as the Greater Southern Waterfront and Mapletree Business City. Improved connectivity often translates into stronger room rates and broader demand reach, particularly from corporate guests.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-proximity-to-economic-and-lifestyle-hubs\"><b>Proximity to economic and lifestyle hubs<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Beyond transit, the immediate surroundings reinforce the property\u2019s demand base.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Within approximately three minutes on foot are major office clusters, including the Shenton Way financial district and International Plaza. The Newport Residences area further adds to the premium residential and mixed-use profile of the neighbourhood.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Dining and lifestyle options are equally robust. Tanjong Pagar Plaza and the Duxton Hill F&amp;B enclave sit within a 2-minute radius, offering a wide selection of restaurants, caf\u00e9s, and boutique services. For medical travellers, the proximity to the Outram healthcare cluster, anchored by Singapore General Hospital, provides a steady stream of short-term accommodation demand, whether from visiting specialists, patients\u2019 families, or overseas medical tourists.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">At the same time, the cultural backdrop of Chinatown and the conserved shophouses of the Blair Plain area lend the precinct a distinctive character. This heritage element differentiates the location from conventional CBD hotels, adding experiential value that supports premium positioning.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In short, the operational efficiency, regulatory flexibility, and strategic micro-location combine to create a hospitality asset that is not only profitable today, but structurally positioned for sustained demand in the years ahead.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-future-value-catalyst-the-greater-southern-waterfront\"><b>Future value catalyst: The Greater Southern Waterfront<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">The long-term value of Cantonment Road is also closely tied to the Greater Southern Waterfront (GSW) \u2013 one of Singapore\u2019s most ambitious urban transformation projects.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Stretching about 2,000 hectares along the southern coastline from Pasir Panjang to Marina East, the GSW represents a generational shift in how waterfront land will be used in the decades ahead.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">As port operations progressively move to Tuas Megaport by 2027, the former city terminals at Tanjong Pagar and Keppel will be freed up for redevelopment. These sites sit directly next to the Cantonment and Tanjong Pagar precincts. Over time, the area is expected to evolve into a vibrant mix of new homes, office spaces, lifestyle destinations, and public waterfront parks.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-marina-bay-effect-on-tanjong-pagar\"><b>The \u201cMarina Bay effect\u201d on Tanjong Pagar<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Singapore has seen this story before.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">When Marina Bay was redeveloped in the early 2000s, surrounding districts experienced strong appreciation as offices, transport links, and lifestyle amenities were completed. Early-positioned properties benefited as each phase of development came online.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">A similar pattern may unfold here. Properties within and around the GSW zone, including Cantonment Road, could experience phased uplift as the transformation progresses.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Key components of the GSW and their relevance to Cantonment Road include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>New Residential Supply (around 9,000 homes at the Keppel Club site)<\/b><b><br><\/b><span style=\"font-weight: 400;\">This will increase neighbourhood density and strengthen the lifestyle ecosystem.<\/span><\/li>\n\n\n\n<li><b>CBD Expansion Southwards<\/b><b><br><\/b><span style=\"font-weight: 400;\">An extension of the commercial core may drive greater corporate and expatriate housing demand.<\/span><\/li>\n\n\n\n<li><b>30km Waterfront Promenade<\/b><b><br><\/b><span style=\"font-weight: 400;\">A continuous public waterfront will enhance tourism appeal and support premium rental positioning.<\/span><\/li>\n\n\n\n<li><b>New MRT Links and Green Corridors<\/b><b><br><\/b><span style=\"font-weight: 400;\">Improved connectivity and liveability typically support long-term property values.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">As heavy port activity relocates, industrial traffic and noise are expected to decrease. In its place, new residential and mixed-use communities will reshape the district\u2019s character. For a freehold owner in this corridor, this represents a long-term structural tailwind \u2013 not just a short-term cycle.<\/span><\/p>\n\n\n\n<h2 id=\"h-a-proven-hospitality-engine-nbsp\" class=\"wp-block-heading\"><b>A proven hospitality engine\u00a0<\/b><\/h2>\r\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-94425\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-6-1.jpeg\" alt=\"\" width=\"1600\" height=\"1200\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-6-1.jpeg 1600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-02-24-at-10.10.37-AM-6-1-1536x1152.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Beyond its land value and architectural character, the property operates as a fully functioning hospitality asset. It currently generates an estimated net profit of approximately S$800,000 per annum after taxes. For you as an investor, this means you are not acquiring a vacant building \u2013 you are stepping into a proven, income-producing platform.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The operating structure has been deliberately designed to remain lean and efficient. Smart digital locks and automated check-in systems reduce the need for on-site manpower. As a result, daily operations run smoothly without the staffing intensity typically associated with traditional hotels.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This streamlined framework strengthens overall operating margins. Instead of relying on large teams and high fixed overheads, the model focuses on technology-enabled efficiency. Consequently, income resilience is enhanced even during softer travel cycles.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Occupancy levels are generally maintained at around 80%, supported by steady demand from corporate travellers, medical visitors, and professionals working along the CBD fringe. This tenant profile is significant. It reflects functional, needs-based demand rather than purely discretionary tourism. In practical terms, that translates into more stable booking patterns throughout the year.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Importantly, the asset operates under a serviced apartment licence that was renewed in 2024 and remains valid until 2029. The licence permits minimum stays of seven days. This provides meaningful operational flexibility.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For comparison, conventional residential landlords are typically restricted to minimum three-month tenures. The shorter approved stay period allows you to optimise revenue dynamically while remaining fully compliant with regulatory guidelines. It also enhances the property\u2019s appeal to business travellers and short-term corporate assignments.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Taken together, the combination of strong occupancy, disciplined cost management, and regulatory flexibility positions the property not just as a passive holding, but as a structured and scalable hospitality engine \u2013 one that delivers both income visibility and operational efficiency.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-redevelopment-potential-under-ura-nbsp\"><b>Redevelopment potential under URA&nbsp;<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">For investors who may wish to hold long-term or explore redevelopment in the future, rather than simply taking over the existing operation, the site\u2019s planning parameters offer an additional layer of value.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Under the 2019 URA Master Plan, the property is zoned Residential with a Gross Plot Ratio (GPR) of <\/span><b>2.8<\/b><span style=\"font-weight: 400;\">. In Singapore\u2019s planning framework, a GPR of 2.8 is considered high density.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For general reference:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>GPR 1.4<\/b><span style=\"font-weight: 400;\"> \u2013 Very Low Density (5 storeys*)<\/span><\/li>\n\n\n\n<li><b>GPR 1.6<\/b><span style=\"font-weight: 400;\"> \u2013 Low Density (12 storeys*)<\/span><\/li>\n\n\n\n<li><b>GPR 2.1<\/b><span style=\"font-weight: 400;\"> \u2013 Medium Density (24 storeys*)<\/span><\/li>\n\n\n\n<li><b>GPR 2.8<\/b><span style=\"font-weight: 400;\"> \u2013 High Density (36 storeys*)<\/span><\/li>\n<\/ul>\n\n\n\n<p><i><span style=\"font-weight: 400;\">*Actual approved height is subject to site context and planning controls.<\/span><\/i><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">While the property currently operates as a fully fitted, income-generating serviced apartment asset, the high plot ratio signals substantial theoretical development intensity. This provides strategic flexibility: an investor can continue operating the asset for stable returns today, while retaining the option to explore redevelopment in the future, subject to detailed planning app ko roval.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">At an asking price of S$17.8 million and an estimated annual net profit of S$800,000, the property offers an initial yield of approximately 4.5%. In Singapore\u2019s prime residential market, this is meaningfully higher than the returns typically seen in Core Central Region (CCR) condominiums or suburban landed homes.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><b>Asset type<\/b><\/td><td><b>Typical yield (2025)<\/b><\/td><td><b>Primary appreciation driver<\/b><\/td><td><b>Scarcity level<\/b><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">CCR Luxury Condominium<\/span><\/td><td><span style=\"font-weight: 400;\">2.5% \u2013 3.0%<\/span><\/td><td><span style=\"font-weight: 400;\">Market cycle and sentiment<\/span><\/td><td><span style=\"font-weight: 400;\">Moderate<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Suburban Landed Property<\/span><\/td><td><span style=\"font-weight: 400;\">1.8% \u2013 2.5%<\/span><\/td><td><span style=\"font-weight: 400;\">Owner-occupier demand<\/span><\/td><td><span style=\"font-weight: 400;\">Low<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Cantonment Road<\/span><\/td><td><span style=\"font-weight: 400;\">4.5%<\/span><\/td><td><span style=\"font-weight: 400;\">Greater Southern Waterfront transformation<\/span><\/td><td><span style=\"font-weight: 400;\">Extreme<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><p><span style=\"font-weight: 400;\">Beyond the headline yield, market dynamics provide further support. Singapore\u2019s private rental market reached multi-year highs in 2025, driven by expatriate growth and smaller household sizes. Serviced apartments and flexible living formats have benefited from this trend, as they offer fully furnished accommodation without the upfront setup costs of traditional leases.<\/span><\/p>\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=237-cantonment-road-for-sale-at-s17-8m\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-alternatives-and-opportunity-cost\"><b>Market alternatives and opportunity cost<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">To fully understand value, it is helpful to compare this asset with other capital allocation options available to high-net-worth and institutional investors.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-comparison-with-ccr-luxury-condominiums\"><b>Comparison with CCR luxury condominiums<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Prime developments such as Park Nova and Skywaters Residences have achieved prices exceeding S$6,000 per square foot at the top end of the market. These are ultra-luxury strata units \u2013 but they operate under MCST rules and do not allow licensed short-term accommodation.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><b>Factor<\/b><\/td><td><b>CCR luxury condo<\/b><\/td><td><b>Cantonment Road<\/b><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Ownership<\/span><\/td><td><span style=\"font-weight: 400;\">Strata (fractional interest)<\/span><\/td><td><span style=\"font-weight: 400;\">Entire land and building<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Operational Control<\/span><\/td><td><span style=\"font-weight: 400;\">Restricted by MCST<\/span><\/td><td><span style=\"font-weight: 400;\">Full autonomy<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Short-Term Business Use<\/span><\/td><td><span style=\"font-weight: 400;\">Prohibited<\/span><\/td><td><span style=\"font-weight: 400;\">Licensed serviced apartment<\/span><\/td><\/tr><tr><td><span style=\"font-weight: 400;\">Price per GFA<\/span><\/td><td><span style=\"font-weight: 400;\">Often &gt; S$3,000 psf<\/span><\/td><td><span style=\"font-weight: 400;\">S$2,630 psf (indicative)<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">The distinction is not just about price \u2013 it is about control, flexibility, and long-term strategic options. A standalone building with high-density zoning offers possibilities that a single strata unit cannot.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-comparison-with-good-class-bungalows\"><b>Comparison with Good Class Bungalows<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Good Class Bungalows (GCBs) represent residential prestige at its highest level. However, they are purely residential assets located in low-density suburban areas. They do not generate hospitality income and cannot operate as businesses.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Cantonment Road serves a different purpose. It is not simply a home \u2013 it is a centrally located, income-producing property that captures the economic activity of the CBD fringe while retaining underlying land value.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-dual-track-investment-profile\"><b>A dual-track investment profile<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Cantonment Road does not fit neatly into one category \u2013 and that is precisely its strength.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">It is a conserved heritage building, yet it operates with modern digital systems and lean efficiency. It sits on residentially zoned land, yet functions as a licensed hospitality business. It offers freehold permanence, while also benefiting from the large-scale transformation of the Greater Southern Waterfront corridor.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">When you step back, the investment case rests on four clear and integrated pillars.<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><b> Immediate income<\/b><b><br><\/b><span style=\"font-weight: 400;\">Approximately S$800,000 in annual net profit, supported by strong occupancy and efficient operations.<\/span><\/li>\n\n\n\n<li><b> Scarcity value<\/b><b><br><\/b><span style=\"font-weight: 400;\">Freehold land in District 02 is exceptionally limited \u2013 especially sites that combine conservation character with a high plot ratio.<\/span><\/li>\n\n\n\n<li><b> Transformation upside<\/b><b><br><\/b><span style=\"font-weight: 400;\">The southern waterfront redevelopment represents a long-term repositioning of the district, with positive implications for land value and rental demand.<\/span><\/li>\n\n\n\n<li><b> Redevelopment optionality<\/b><b><br><\/b><span style=\"font-weight: 400;\">A Gross Plot Ratio of 2.8, together with recent TOP status and modern upgrades, provides both a valuation floor and future flexibility.<\/span><\/li>\n<\/ol>\n\n\n\n<p><span style=\"font-weight: 400;\">For family offices seeking multi-generational holdings, or institutions targeting yield with embedded land-bank value, Cantonment Road stands out as a rare hybrid. As Singapore continues evolving into a denser, more integrated global city, assets that combine heritage authenticity with economic utility are likely to become increasingly strategic.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In that context, Cantonment Road holds a uniquely advantaged position \u2013 as a cash-flowing business today and as a long-term landholding within one of the city\u2019s most important growth corridors.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-charlene-ho\"><a href=\"https:\/\/www.99.co\/singapore\/agents\/R061170D-charlene-ho-s-e\" target=\"_blank\" rel=\"noopener\"><b>Charlene Ho<\/b><\/a><\/h3>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" width=\"1366\" height=\"2048\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/IMG_2052.jpg\" alt=\"\" class=\"wp-image-94441 size-full\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/IMG_2052.jpg 1366w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2026\/03\/IMG_2052-1025x1536.jpg 1025w\" sizes=\"(max-width: 1366px) 100vw, 1366px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p><span style=\"font-weight: 400;\">Professional, proactive, and highly attentive, Charlene, Branch Division Director at ERA, is known for delivering seamless real estate experiences across Singapore. She specialises in curating property solutions that align perfectly with her clients&#8217; needs, guiding both homeowners and investors through complex transactions with expert market insight.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Charlene believes exceptional service extends far beyond the sale, offering long-term reliability and prompt support even after completion. By leveraging the latest digital tools and in-depth local knowledge, she streamlines the buying and selling process to ensure a stress-free and strategic experience for every client.<\/span><\/p>\n<\/div><\/div>\n\n\n\n<p><span style=\"font-weight: 400;\"><strong>For more information on<\/strong><\/span><a href=\"https:\/\/www.99.co\/singapore\/sale\/property\/cantonment-road-landed-iZHWdPtKVeUiNxGjDjfCcD\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"font-weight: 400;\"> Cantonment Road<\/span><\/strong><\/a><span style=\"font-weight: 400;\"><strong> or to arrange a private discussion, contact Charlene at<\/strong><\/span><b><strong> +65 9066 9997.<\/strong><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore\u2019s property market in 2026 continues to stand out for its stability and long-term resilience. After a period of adjustment in 2024, confidence returned steadily through 2025, particularly for high-quality, supply-constrained assets. In this environment, freehold landed properties remain among the most tightly held and highly prized investments. That is precisely why Cantonment Road deserves&hellip;<\/p>\n","protected":false},"author":141,"featured_media":94425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"59689,74794,75474,72115,75413,68431","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53912,57131],"tags":[57589,54692,53656],"persona":[57128],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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