Shophouse deals in Hongkong St, Havelock Rd, Tanjong Katong
Shophouse transactions have been affected by the buyer-seller price gap, says Knight Frank
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Kalpana Rashiwala
Singapore
A FEW shophouse transactions have taken place recently.
These include one at Hongkong Street that changed hands at S$14.45 million. The price works out to about S$1,780 per square foot on gross floor area (GFA) of some 8,100 sq ft. Located at 31 Hongkong Street, the shophouse is on a 1,747 sq ft site with a 99-year lease topped up in December 2007.
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