Porcelain Hotel in early stage of being sold for about S$90m
RB Family Office seen as the intending buyer of the 12 shophouses along Mosque Street in Chinatown
Singapore
IN ONE of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel - comprising 12 contiguous four-storey shophouses along Mosque Street - is in the early stage of being transacted at about S$90 million, The Business Times understands.
The property, which bears 5 addresses - 46, 47, 48, 49 and 50 Mosque Street - is on two land lots with a total site area of 10,143 sq ft. Both lots have land tenures of 99 years starting August 2002, leaving balance lease terms of about 80 years.
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