February 12, 2020

Aberdeen Standard Investments acquires Peck Seah Street shophouses for $54 mil

By Timothy Tay/ EdgeProp Singapore|February 12, 2020 9:15 PM SGT SINGAPORE (EDGEPROP) - Aberdeen Standard Investments (ASI) has acquired a row of six adjoining shophouses along 48 to 56 Peck Seah Street for $54 million, or about $2,700 psf, in a deal concluded by JLL.This is ASI’s first acquisition in Singapore for its global real estate portfolio. The two-storey shophouses boast a 33m street...

Freehold shophouses in Upper Thomson going for $22.88 mil

By Timothy Tay / EdgeProp Singapore|February 12, 2020 9:30 PM SGT  SINGAPORE (EDGEPROP) - Three shophouses at 7, 9, and 11 Jasmine Road, along with an adjacent plot of vacant land, are available for $22.88 million. The guide price translates to $1,185 psf and includes an estimated development charge based on the proposed gross floor area of 21,363 sq ft upon redevelopment of the site, says marketing...

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