House of Tan Yeok Nee sold to entity linked to Bachtiar Karim's family
Add BT as a preferred source
NATIONAL monument House of Tan Yeok Nee has been sold for an undisclosed amount to an entity linked to the family of low-profile Indonesian tycoon Bachtiar Karim.
The Business Times understands the property was sold below the asking price of S$92 million but above S$85 million.
The property, a gazetted national monument at the junction of Penang Road and Clemenceau Avenue, was put up for sale via expression of interest (EOI) in October 2021. Its indicative price translates to about S$1,573 per square foot, based on a strata floor area of about 58,480 square feet (sq ft), said exclusive marketing agent Savills Singapore at the time.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
