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$37 million was recently paid for the six-storey Boat Quay shophouse located at 52 Boat Quay. The sale price represents an impressive gain of $16 million for the seller, who had purchased the property in June 2018 for $21.35 million. Savills Singapore brokered the deal.

With an estimated total built-up area of 6,446 sq ft, the shophouse underwent extensive renovations in 2015 and has now been fitted with modern and well-equipped commercial and office spaces. The top two floors are occupied by the Italian restaurant Braci, the ground floor by an Izakaka bar, and corporate offices are on the second and fourth floors.

Yap Hui Yee, the executive director of investment sales and capital markets at Savills Singapore, notes that the property attracted “significant interest” from investors. This is a result of the demand for high-quality commercial shophouses in prime locations and the rarity of such a riverfront-facing property becoming available for sale.

HDB’s Altura EC in Bukit Batok West Avenue 8 offers 375 residential units to bidders with a 99-year lease. It features an accessible location near the MRT station, Bukit Batok Hillside Park and schools, with a bid of Altura EC $266m setting a record for executive condo land.

Recent transactions of commercial properties on and near 52 Boat Quay have shown that such properties remain in high demand. With EdgeProp’s LandLens, buyers and investors can easily check out the latest listings near Boat Quay.

Overall, the six-storey Boat Quay shophouse at 52 Boat Quay has provided its owner with an impressive gain of $16 million, making it a testament to the high demand for commercial properties in the area.