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Pair of Craig Road shophouses sold for S$18m

Singapore

RECENTLY transacted conservation shophouses for which caveats have been lodged include a pair of adjoining conservation shophouses at 38 and 39 Craig Road.

With a courtyard in front, the pair of shophouses were bought for S$18 million by an entity affiliated with Clifton Partners, a property investment management firm.

The price translates to S$1,834 per square foot on built-up area for the property; the site has a 99-year leasehold tenure that started in July 1989, so the lease still has...

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