Indonesian tycoon buys 2 Singapore Bukit Pasoh shophouses
Prajogo Pangestu's family office pays nearly S$22 million for the freehold properties
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Kalpana Rashiwala
[SINGAPORE] THE family office of Indonesian tycoon Prajogo Pangestu has picked up a pair of adjoining freehold shophouses in Teo Hong Road in the Bukit Pasoh Conservation Area for nearly S$22 million.
The properties are a stone's throw from Outram MRT Station. One of them is understood to have been sold by Lim Chun Shuang, son of Lim Hock San, president and chief executive of United Industrial Corporation.
The deals were brokered by Clemence Lee, associate director of capital markets at JLL who declined to comment on the seller's and buyer's identities.
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