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Four-storey Bugis shophouse fetches S$42 million, deal brewing for 3 adjoining units

96 Amoy Street, owned by associate of money launderer, being sold

Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Sep 27, 2024 · 06:35 PM
    • The corner shophouse, at 496 North Bridge Road, is being sold for about S$42 million. To its right are 494, 492 and 490 North Bridge Road, which are drawing buying interest.
    • 96 Amoy Street is held by Xin Xin Consultancy, which entered into receivership in October 2023. The company's sole shareholder, Chen Lingling, is one of the associates of the 10 people convicted in the S$3 billion money laundering case.
    • The corner shophouse, at 496 North Bridge Road, is being sold for about S$42 million. To its right are 494, 492 and 490 North Bridge Road, which are drawing buying interest. PHOTO: BT FILE
    • 96 Amoy Street is held by Xin Xin Consultancy, which entered into receivership in October 2023. The company's sole shareholder, Chen Lingling, is one of the associates of the 10 people convicted in the S$3 billion money laundering case. PHOTO: GOOGLE MAPS

    A HIGH-FOOTFALL area near Bugis MRT station could get even busier, with a few big-ticket conservation shophouse deals.

    At the corner of North Bridge Road and Liang Seah Street, a four-storey shophouse that has a popular dessert outlet at street level is being sold for about S$42 million, based on market talk.

    Next door, a deal is said to be brewing for the three adjoining shophouses facing North Bridge Road and standing next to Bugis Cube. The price could be in the S$75 million to S$85 million range.

    Singapore propertyshophousesCommercial & Industrial

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