You are here

Joo Chiat freehold shophouse block sold for S$16.8m

A company linked to OCBC's Lee family selling the asset to a property fund manager

Currently, 201 Joo Chiat Road is only partially leased - as offices and showrooms. There is scope to drive up the property's rental income, especially if the asset undergoes renovation once leases expire, say market watchers.


A FREEHOLD shophouse block comprising five units along Joo Chiat Road has been sold for S$16.8 million. The price works out to S$1,357 per square foot based on the lettable area of 12,382 sq ft.

The site is zoned for commercial use within the Joo Chiat Conservation Area,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to