, or see the hottest transactions near Boat Quay

A six-storey Boat Quay shophouse – located at 52 Boat Quay and occupying a 1,119 sq ft site with an estimated total built-up area of about 6,446 sq ft – has recently been sold for a whopping $37 million. Savills Singapore, who brokered the deal, have revealed that the fortunate seller was making a huge gain of a whopping $16 million.

The property underwent extensive renovations in 2015 and is now a showpiece of top quality, modern, and well-equipped commercial space. According to the requisite caveats, the property had been purchased in June 2018 for $21.35 million.

Altura EC, located in Bukit Batok Town, offers 375 executive condo units in an area close Altura EC to schools, MRT, bus interchange, and the Jurong Innovation District. Plots have been put up for public auction, with a current bid of S$662 psf ppr by Qingjian Realty and Santarli Construction, resulting in a projected price of S$3,500 psf for the EC. Showflat and price list details are to follow.

The venue houses an Italian restaurant, Braci, on its top two floors, whilst the ground floor hosts an Izakaya bar. Corporate office tenants are located on the second and fourth floors.

Yap Hui Yee, the executive director of investment sales and capital markets at Savills Singapore who brokered the deal, expressed her delight at the “significant interest” the property garnered from investors. She was also very pleased that the rare, riverfront-facing property had been available for sale, and that the client had taken the opportunity to “acquire this charming flagship property in the heart of the CBD”.

Recent transactions of commercial properties on and near 52 Boat Quay show just how rare an opportunity this has been.

Savills have expressed confidence that the highly sought-after location, the modern renovation, and prime specifications of the property will no doubt garner the interest of many more prospective buyers. Those who wish to acquire real estate in this beautiful and historic area, in either a commercial or residential capacity, should take a look at the listings near Boat Quay, or check out the hottest transactions near this beautiful precinct.