SUBSCRIBERS

2 Telok Ayer shophouses fetch S$18.2m

Price works out to about S$2,600 psf on built-up area; buyer said to be Spanish tycoon

Published Mon, Nov 2, 2015 · 09:50 PM

Singapore

A PAIR of adjoining shophouses less than 20 metres from Telok Ayer MRT Station have changed hands for S$18.2 million. Both shophouses are three storeys high and with an attic. One is on a site with 199-year leasehold tenure (starting June 2003) and the other is on a 999-year leasehold site.

The price paid translates to around S$2,600 per square foot on the built-up area of nearly 7,000 square feet - which is believed to be one of the highest on Telok Ayer Street.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes