2 Telok Ayer shophouses fetch S$18.2m
Price works out to about S$2,600 psf on built-up area; buyer said to be Spanish tycoon
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Singapore
A PAIR of adjoining shophouses less than 20 metres from Telok Ayer MRT Station have changed hands for S$18.2 million. Both shophouses are three storeys high and with an attic. One is on a site with 199-year leasehold tenure (starting June 2003) and the other is on a 999-year leasehold site.
The price paid translates to around S$2,600 per square foot on the built-up area of nearly 7,000 square feet - which is believed to be one of the highest on Telok Ayer Street.
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