This translates to about $3,735 per sq ft of built-up area. A freehold two-storey conservation shophouse at 148 Jalan Besar has been put up for sale with a guide price of $8.5m. The property sits on a 1,675 sq ft freehold site and has an existing built-up area of about 2,276 sq ft.Based on the guide price, it is valued at about $3,735 per sq ft of built-up area. Located within the Little India Conservation Area, the two-storey shophouse is zoned Commercial under the URA Master Plan 2025 and is currently fully leased. The sale comes amidst limited availability of freehold conservation shophouses priced below $10m, particularly those located near Singapore’s Central Business District.