The adjoining two-story shophouses at 29B/C, 31 and 33 Lorong Liput in Holland Village were sold to TL Developments, which is understood to be linked to the Goh family, The Business Times reported.
The corner properties drew multiple bids from high-net-worth individuals, family offices and investment funds, according to consultancy CBRE, which represented the sellers.
They are located on a 7,543-square-foot site within a cluster of shophouses near Holland Piazza, Holland Village Market & Food Centre and One Holland Village. Their tenants include Pet Lovers Centre, Tai Cheong Bakery and Natureland, as reported by EdgeProp Singapore.
The corner shophouses on Lorong Liput, Singapore. Photo from Google Maps |
Tat Lee Bank was established in 1973 by late entrepreneur Goh Tjoei Kok. It merged with Keppel Bank in 1998 to create Keppel TatLee Bank and was bought by OCBC Bank in 2001. OCBC is currently the city-state’s second largest bank.
The latest transaction comes as Singapore’s shophouse market slowed in the first quarter of 2026.
Some 13 caveated shophouse transactions worth S$88 million were completed in the quarter, marking the lowest quarterly sales value since the first quarter of 2009, when transactions totaled S$64.9 million, according to PropNex Research.
The agency expects the market to remain under pressure throughout this year as macroeconomic uncertainty and geopolitical tensions weigh on investment activity. Even so, it noted that Singapore’s status as a safe-haven market could support the demand for well-located, investment-grade shophouses, as quoted by Singapore Business Review.
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