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Spanish tycoon paying huge premium for Stanley St shophouse

The nearly S$22.1m Ricardo Portabella Peralta is paying is about 36% or S$6m more than what the seller paid less than a year ago

Kalpana Rashiwala

Kalpana Rashiwala

Published Sun, Mar 10, 2019 · 09:50 PM
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Singapore

SPANISH tycoon Ricardo Portabella Peralta continues to expand his portfolio of conservation shophouses in Singapore, paying nearly S$22.1 million for a three-storey conservation shophouse at 29 Stanley Street in the Central Business District (CBD).

This reflects a whopping premium of about 36 per cent to the previous transacted price for the property less than a year ago.

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