Keong Saik conservation market buzzing with deals
Hotel Soloha in Teck Lim Road has changed hands for S$53.38 million; 3 shophouses at corner of Kreta Ayer and Keong Saik roads sell for slightly above S$44 million
Kalpana Rashiwala
The Keong Saik Road locale has been buzzing with conservation shophouse deals this year.
The Business Times understands that 3 adjoining freehold shophouses at the prominent corner of Kreta Ayer and Keong Saik roads, have been transacted at slightly above S$44 million. The trio - at 47, 49 and 51 Kreta Ayer Road - are being sold by Straits Construction Co.
Standing on a total land area of about 5,610 sq ft, the 3-storey shophouses with a distinctive facade have a total built-up area of about 11,613 sq ft. The buyer is understood to be Lim Chin Huat, a seasoned property investor who is also involved in the fresh fruits and vegetables supply business, as well as restaurants and wine distribution.
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