Duck & Hippo founder sets another record price for shophouse

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.