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Lee Foundation-linked company sells shophouses

4 Outram Road freehold shophouses fetch S$23.8m; deals also sealed in New Bridge Rd and Boat Quay

Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Nov 14, 2016 · 09:50 PM
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Singapore

SEVERAL shophouse deals have been sealed recently.

A Lee Foundation-linked company has sold a row of four freehold conservation shophouses along Outram Road for S$23.8 million to construction and property group Chiu Teng.

In another deal, a pair of adjoining shophouses at 277 and 279 New Bridge Road - where Korean BBQ and steamboat restaurant Manbok operates on the ground floor - was sold for S$14.5 million.

The freehold, four-storey shophouses, which are on a single land lot and have a t…

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