Porcelain Hotel in early stage of being sold for about S$90m

Singapore

IN ONE of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel - comprising 12 contiguous four-storey shophouses along Mosque Street - is in the early stage of being transacted at about S$90 million, The Business Times understands.

The property, which bears 5 addresses - 46, 47, 48, 49 and 50 Mosque Street - is on two land lots with a total site area of 10,143 sq ft. Both lots have land tenures of 99 years starting August 2002, leaving balance lease terms of about 80 years.