CBRE, as the exclusive marketing agent, is pleased to offer for sale 22 & 23 Mohamed Sultan Road, a rare freehold mixed-use property comprising a serviced apartment block and a commercial building in the heart of River Valley.
— CBRE, as the exclusive marketing agent, is pleased to offer for sale 22 & 23 Mohamed Sultan Road (the “Assets”), a rare freehold mixed-use property comprising a serviced apartment block and a commercial building in the heart of River Valley. The sale will be conducted via an Expression of Interest exercise closing on Wednesday, 28 October 2026 at 3pm.
Located in River Valley, one of District 9’s most established residential and commercial precincts between Orchard Road and the Central Business District, the Assets comprise two freehold blocks sitting on separate land parcels with a combined land area of about 4,221 sq ft and an estimated total floor area of about 14,497 sq ft.
The rear block at 22 Mohamed Sultan Road is an 8-storey development approved for Serviced Apartment (SA1) use, with serviced apartment units from Level 2 to 8. The front block at 23 Mohamed Sultan Road is a 4-storey building with a basement and comprises a shop in the basement, restaurant unit on the ground floor and Serviced Apartments from Level 2 to 4.
Further details are set out below:
The Assets are currently fully tenanted and able to provide stable and immediate rental income to incoming investors. The guide price for the Assets is approximately S$38 million, or about $2,621 psf on the existing floor area.
River Valley has evolved into a vibrant residential and lifestyle destination anchored by landmarks such as Great World City, Robertson Quay’s waterfront dining and entertainment offerings, and the historic Oxley Road precinct.
The area is entering a new phase of rejuvenation, with several major developments set to reshape the precinct through the introduction of new residential, office and retail space. These include Canninghill Piers (696 units), Union Square (366 units), The Robertson Opus (348 units), River Modern (455 units), River Green (524 units), Zyon Grand (706 units) and Promenade Peak (596 units).
Together, these developments will introduce more than 3,600 new homes alongside new retail and commercial offerings, further enhancing the vibrancy of the River Valley precinct. This ongoing renewal is set to reinforce River Valley’s position as one of Singapore’s most sought-after city-fringe districts and strengthen its appeal as a live-work-play destination.
Mr. Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE, said: “22 & 23 Mohamed Sultan Road presents a rare opportunity to acquire a freehold, income-producing mixed-use asset in the heart of the Singapore River–Robertson Quay precinct. Such opportunities in River Valley are tightly held and highly regarded amongst astute investors, particularly given the Assets’ strategic location between Orchard Road and the Central Business District.
The Assets are well-maintained and in excellent condition, offering a turnkey investment with minimal near-term capital expenditure required. They are also tenanted to a well-established co-living operator, providing stable and recurring rental income.
Beyond their defensive qualities, the Asset sits within one of Singapore’s most actively rejuvenated lifestyle precincts. The Singapore River–Robertson Quay district is undergoing significant renewal, with more than 3,600 new residential units in the pipeline alongside additional retail and commercial offerings that will further enhance the precinct’s appeal. Investors are not only acquiring a stable income-producing asset today but are also positioning themselves to benefit from the continued evolution of one of Singapore’s most established and sought-after lifestyle districts.
Priced at a palatable investment quantum of under S$38 million, the Assets are expected to appeal to a wide range of investors, including boutique real estate funds, corporate investors, owner-occupiers, high-net-worth individuals and family offices. The Assets also enjoy excellent connectivity, sitting within walking distance of Fort Canning MRT Station and a short drive from both the CBD and Orchard Road.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Release ID: 89204278
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