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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

The taller property (far left) is Mr Peralta's latest acquisition on Stanley Street. He purchased the shorter one next to it in 2016.


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...

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