Boon Tat Street Shophouse Refurbishment, Singapore

Boon Tat Street is located in the shophouse reservation area in the middle of Singapore CBD next to the famous Lau Pa Sat. Most properties on the street are unique with historical.

Details:

Property type: Commercial Refurbishment

Address: Boon Tat Street, Singapore

Property acquired: 2011

Property sold: 2016

Lot size Approx. 5,630 sq. ft.

Return on Investment: 11.0 x return on equity

Investment Highlights:

· Acquired the old / run-down building

· Complete a full refurbishment of the building

· Introduce a Michelin star restaurant to ground and first floor

· Created Grade A office on second floor

· Re-purposed the roof into one of the most popular roof top cigar and whisky bar