A row of five adjoining shophouses at Teck Chye Terrace was sold for S$14.63 million on Thursday (Jan 22), according to marketing agent Colliers International. This is higher than the indicative price of S$13 million.
The auction was conducted on Thursday and ended in the evening, but Colliers was unable to disclose the buyer’s details.
Located at the junction of Upper Serangoon Road and Boundary Road, the freehold shophouses sit on a land area of about 7,861 sq ft . The five units have a total floor area of approximately 12,163 sq ft.
The first storey of all units have obtained permanent approval for “shop” use. Each shophouse also has a side staircase for access to the upper storey.
Source : Channel NewsAsia – 22 Jan 2015