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Lee Rubber sells Lavender shophouse block

Broadway Textile pays S$55.6m for the 11 shophouses on 99-year tenure; Outram shophouses also on the market


LEE Rubber Company is selling a stand-alone block of 11 adjoining conservation shophouses in Lavender Street for nearly S$55.56 million.

A fully-owned unit of Lee Rubber that owns the freehold interest in the property will carve out a 99-year leasehold interest for the...