2 Temple St shophouses being sold for S$18.5m

Singapore

A PAIR of freehold shophouses along Temple Street in the Chinatown area are changing hands for S$18.5 million. The price works out to around S$2,125 per square foot based on the estimated floor area of 8,700 sq ft.

Standing on 2,658 sq ft of land, the shophouses span three storeys and an attic. They are currently leased to Lau Choy Seng, which sells kitchen equipment and cooking ware on the ground floor, and office tenants on the upper levels. However, by the time the sale is completed in August, all but one of the tenancies would have expired.