Adjoining Smith St shophouses put on market for at least S$33m

Singapore

A FREEHOLD cluster of three adjoining conservation shophouses on Smith Street has been launched for sale via public tender.

The guide price for the property is about S$3,500 per square foot, or S$33.25 million on a built-up area of about 9,500 sq ft, which reflects a gross yield of close to 2 per cent, according to Savills Singapore, the marketing agent for the property.