SUBSCRIBERS

Stanley Quek buys shophouses in Duxton Hill for S$19.6m

Price translates to about S$2,200 psf on a floor area of slightly below 9,000 sq ft

Kalpana Rashiwala
Published Tue, Sep 8, 2015 · 09:50 PM

Singapore

A CONSORTIUM led by property investor Stanley Quek has picked up a couple of adjacent shophouses in Duxton Hill for S$19.6 million.

The properties, which have three storeys and an attic, are on two separate land lots; however the units are linked, forming a distinctive corner shophouse lot. Tenants on the street level include Italian restaurant Latteria, which has also leased the open space next door from the state on a temporary occupation licence to operate an alfresco dining area.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here