OCBC sells 8 shophouses and strata shop units for S$31.7m

Singapore

OCBC has sold eight shophouses and strata shop units for S$31.7 million within a year of putting up for sale a portfolio of 38 such properties islandwide.

The latest transacted was a three-storey freehold shophouse at 735 Havelock Road, which was sold for S$4.5 million to a private company in February, according to the caveat lodged, or S$1,443 per square foot (psf) based on gross floor area (GFA).