Duck & Hippo founder sets another record price for shophouse
James Heng is understood to be buying 31 Keong Saik Road for S$4,300 psf on built up area
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Kalpana Rashiwala
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Singapore
DUCK & Hippo group founder James Heng continues to pile up on conservation shophouses.
He is paying S$14 million for 31 Keong Saik Road. This works out to about S$4,300 per square feet based on estimated built-up area for the three-storey freehold property - surpassing the S$4,259 psf he paid for 21 Boon Tat Street in September this year. That price was already a new high for conservation shophouses in Districts 1 and 2, said property agents.
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