The Business Times
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SINGAPORE PROPERTY

8M Real Estate said to be buying about 50 shophouses for around S$500 million

The portfolio is being sold by entities linked to veteran property investor Tony Chen

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Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Nov 11, 2026 · 08:24 PM
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    • Five adjoining shophouses on Tras Street (starting from the left) are part of the collection of about 50 properties that will change hands.
    • Five adjoining shophouses on Tras Street (starting from the left) are part of the collection of about 50 properties that will change hands. PHOTO: BT FILE

    [SINGAPORE] In one of the biggest portfolio conservation shophouse transactions in Singapore, 8M Real Estate is understood to have inked a deal to buy about 50 shophouses for around S$500 million.

    The shophouses are in locations such as Duxton Road, Duxton Hill, Tras Street, Craig Road and Neil Road – all within the Tanjong Pagar Conservation Area.

    Most of the properties are on land with 61 or 62 years remaining of the original 99-year leasehold tenure. Those on Tras Street have balance land leases of about 67 years.

    Singapore propertyshophousesSingapore commercial propertyConservation

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