The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Mar 27, 2018 · 09:50 PM

    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

    The 302-unit Cape Royale, completed in 2013, has been the last major new condominium development in Sentosa Cove. 

    Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023

    BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

    How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

    All three banks posted second-quarter net profits that beat market expectations.

    After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth

    The Laos-China Railway links Vientiane to Boten on the Chinese border, and onwards to Kunming in Yunnan.

    Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains  

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More