04 Apr '18, 1am

9 conservation shophouses near Singapore River sold

9 conservation shophouses and a commercial building near Singapore River have just been sold to 8M Real Estate . A massive investment for the local investment firm who bought the properties from Lee Brothers (Wee Kee) . The selling entity is held by the family of the late Lee Wee Nam, a famous Teochew businessman who set up Four Seas Bank which was later sold to OCBC Bank. Massive sale of 2 property clusters in District 1 These 10 properties are grouped in 2 clusters. The first cluster consisting of 4 shophouses is at the corner of New Bridge Road and Carpenter Street. And the other at Boat Quay/Circular Road. 8M Real Estate’s portfolio already includes a cache of properties in District 1 and 2 . With this most recent acquisition, their portfolio will now include 40 conservation shophouses worth around $500 million and soon, also a 5-storey freehold commercial building at ...

Full article: https://www.iproperty.com.sg/news/9-conservation-shophous...

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