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Two Kampong Glam shophouses being sold

Korean buyer pays S$18.8m for Bali Lane unit housing Blu Jaz Cafe, and S$10.2m for a Beach Road shophouse

Published Wed, Oct 23, 2019 · 09:50 PM

Singapore

TWO conservation shophouses in historic Kampong Glam are changing hands for a total of S$29 million.

A South Korean party is paying S$18.8 million for 11 Bali Lane, where the Blu Jaz Cafe operates, and S$10.2 million for 241 Beach Road, which houses Piedra Negra Mexican Bar and Restaurant.

Both F&B outlets are operated by the Blu Jaz group, which has leased the two properties from the seller, an Indonesia citizen-turned-Singaporean involved in a range of businesses, including investing in shophouse…

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