Sultan Gate Shophouse sold at $20.8M

A FREEHOLD standalone shophouse block along Sultan Gate in Kampong Glam has been sold at S$20.8M recently. Located at 32, 34 and 34A Sultan Gate, the property sits on a single land lot of 7401 sqft zoned commercial. The total floor area is 7944 sqft. The price reflects S$2618 psf based on total floor area. The Seller is believed to be Olympia Development, a unit of Chee Tat Holdings, controlled by the Ng family that developed Textile Centre and Serene Centre. The new owner is believed to be a F&B operator.

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