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2 Telok Ayer shophouses fetch S$18.2m

Price works out to about S$2,600 psf on built-up area; buyer said to be Spanish tycoon

One of the two adjacent shophouses along Telok Ayer Street is vacant.


A PAIR of adjoining shophouses less than 20 metres from Telok Ayer MRT Station have changed hands for S$18.2 million. Both shophouses are three storeys high and with an attic. One is on a site with 199-year leasehold tenure (starting June 2003) and the other is on a 999-year