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8M buys shophouses, commercial building for S$82.5m

Seller is Lee Brothers (Wee Kee), held by the family of the late Lee Wee Nam, a well-known Teochew philanthropist

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Above: A corner block of four adjoining shophouses at 27-33 New Bridge Road has redevelopment potential.

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Above: 61 Boat Quay is approved for F&B use on all three levels .

Singapore

HOMEGROWN investment property company 8M Real Estate has bagged a portfolio of nine conservation shophouses and a commercial building in District 1 near the Singapore River for a total of S$82.5 million.

The properties are in two clusters - one in Boat Quay/Circular Road...

sentifi.com

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