Two shophouses in Duxton Hill and one on Stanley Street sold for S$37.3m

Singapore

ENTITIES connected to veteran property investor Stanley Quek are understood to be selling a pair of adjoining shophouses in Duxton Hill and a shophouse in Stanley Street in separate deals totalling S$37.3 million.

The pair of shophouses at 40 and 41 Duxton Hill are changing hands at S$24.8 million. They are on two separate land lots, but 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 for an…