The Business Times
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Keong Saik conservation market buzzing with deals

Hotel Soloha in Teck Lim Road has changed hands for S$53.38 million; 3 shophouses at corner of Kreta Ayer and Keong Saik roads sell for slightly above S$44 million

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, May 13, 2022 · 05:50 AM
    • The 45-room Hotel Soloha was sold by Hilltop Capital, whose shareholders are Aw & Sons Capital and Aw Kim Cheng Realty.
    • 47, 49 and 51 Kreta Ayer Road are on a total land area of about 5,610 sq ft.
    • The 45-room Hotel Soloha was sold by Hilltop Capital, whose shareholders are Aw & Sons Capital and Aw Kim Cheng Realty. BT Reader
    • 47, 49 and 51 Kreta Ayer Road are on a total land area of about 5,610 sq ft. Savills Singapore

    The Keong Saik Road locale has been buzzing with conservation shophouse deals this year.

    The Business Times understands that 3 adjoining freehold shophouses at the prominent corner of Kreta Ayer and Keong Saik roads, have been transacted at slightly above S$44 million. The trio - at 47, 49 and 51 Kreta Ayer Road - are being sold by Straits Construction Co.

    Standing on a total land area of about 5,610 sq ft, the 3-storey shophouses with a distinctive facade have a total built-up area of about 11,613 sq ft. The buyer is understood to be Lim Chin Huat, a seasoned property investor who is also involved in the fresh fruits and vegetables supply business, as well as restaurants and wine distribution.

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