Hotel off Keong Saik Road sold for S$31m; buzz over high of S$4,000 psf set in Amoy Street
Kalpana Rashiwala
Singapore
THREE adjoining freehold shophouses along Teck Lim Road off Keong Saik Road are being sold for S$31 million.
The shophouses at 12, 14 and 16 Teck Lim Road span three levels and a mezzanine floor, and currently house the 42-room Chinatown Hotel. The property has not had a major refurbishment for nearly 25 years.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?