The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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.

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The exterior (left) and interior (right) views of Waterwall House, featuring glass interfaces, open voids, split levels and raw concrete walls.

    Rare brutalist Singapore house opens to the public before changing hands

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More