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Fragrance buying Chinatown shophouses for S$20.5m

Fragrance Foodstuff will own its flagship store, which it has been leasing for more than a decade
Wednesday, September 14, 2016 - 05:50
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Located at the corner of New Bridge Road and Pagoda Street, the pair of shophouses is near an entrance to the Chinatown MRT Station. The group can also enjoy rental income from leasing out the upper floors of both units.

Singapore

FRAGRANCE Foodstuff, which sells traditional Chinese snacks and bak kwa (barbecued meat), is buying two prime adjoining New Bridge Road shophouses where it has been leasing the ground-floor space for its flagship outlet for about a dozen years.

It is paying S$20.5 million