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Standalone shophouse block at Sultan Gate sold for S$20.8m

Price works out to S$2,618 psf based on floor area; buyer plans to operate its own F&B outlet on lower level

The Sultan Gate shophouses were first put up for sale in March last year at an indicative price of S$28 million


A FREEHOLD standalone shophouse block along Sultan Gate in the Kampong Glam area has just been awarded for S$20.8 million following an expression of interest exercise that closed recently.

Located near the corner of Sultan Gate and Pahang Street, the cluster of shophouses