8M buys shophouses, commercial building for S$82.5m
Seller is Lee Brothers (Wee Kee), held by the family of the late Lee Wee Nam, a well-known Teochew philanthropist
Kalpana Rashiwala
Singapore
HOMEGROWN investment property company 8M Real Estate has bagged a portfolio of nine conservation shophouses and a commercial building in District 1 near the Singapore River for a total of S$82.5 million.
The properties are in two clusters - one in Boat Quay/Circular Road and the other along New Bridge Road.
TRENDING NOW
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Looking beyond looming CEO succession, should UOB potentially pursue a transformative merger?
Could stablecoins be the future of money?
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose