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Zhou family from Shanghai buys 60% of 139 Cecil Street

Transaction said to value leasehold office block at S$140m; Zhous acquired next-door property last year

Written permission was granted last year by URA for a major refurbishment exercise to build additional floors, extending the office block at 139 Cecil Street (right), known as DB2Land Building, to 16 storeys. The property at 137 Cecil Street (left) is Hengda Building.


THE Zhou family from Shanghai who picked up an office block at 137 Cecil Street last year has bought a 60 per cent stake in the company that owns the next-door property at 139 Cecil Street.

The latest deal is said to value the 11-storey property at S$140 million. It is on...

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