Crescendas’ Leow family buys Jalan Besar shophouses for S$38.5 million, Textile Centre car park for S$26 million

Separately, Apricot Capital is said to be buying Serene Centre for about S$105 million; Mohinani family puts Bugis Point on market at S$85 million indicative price

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Kalpana Rashiwala

Published Tue, Oct 10, 2023 · 05:00 AM

The trio of shophouses at Nos 203, 205 and 207 Jalan Besar on a corner site. One of the tenants is Authentic Mun Chee Kee King of Pig’s Organ Soup. PHOTO: GOOGLE MAPS
The car park at Textile Centre has a strata area 200,456 sq ft, representing about 30 per cent of the total strata area in the development. PHOTO: JLL
Serene Centre has retail as well as food and beverage units on the first two storeys, and apartments on the third and fourth storeys. PHOTO: CUSHMAN & WAKEFIELD
Bugis Point (centre) has been put on the market at an indicative price of S$85 million. PHOTO: JLL

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CRESCENDAS Group chairman Lawrence Leow and his family have picked up three freehold shophouses on a corner lot in Jalan Besar for S$38.5 million, as well as the multi-storey car park at Textile Centre in Jalan Sultan and an adjacent plot for about S$26 million.

Separately, word on the street is that Serene Centre in Bukit Timah is being sold for about S$105 million.

In Jalan Besar, the three-storey shophouses that the Leow family is buying are Nos 203, 205 and 207; the trio are on a single freehold land lot of about 6,378 square feet (sq ft) at the junction with Sam Leong Road.

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